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Dec 11 - 08:55 AM

GBP/USD - Demonstrating The Power Of The Twist

By Peter Stoneham  —  Dec 11 - 07:50 AM
  • Dec 16 1.3079-86 cloud twist is reining sterling in fast now

  • Significant back to back bear sessions remove major support points

  • The 55DMA next support to be tested ahead of the twist

  • 14-day momentum flips negative after a 27-day run above the zero line

  • Daily RSI now tanking but nearing over sold values

  • Adjustment risk is high and rebound ahead of the cloud twist likely
















GBP/USD Trader:

GBP/USD daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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