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Refinitiv
May 21 - 06:12 AM

GBP/USD - At Risk To Further Losses While Cloud Holds

By Peter Stoneham  —  May 20 - 06:00 AM
  • Our 0.8905 bid was filled late Tues and we now look for a run to 0.9080

  • A 50% Fibo of the 0.9500-0.8671 drop comes at 0.9086

  • Stop placed just below the 55DMA at 0.8858

  • A risk price pans out sideways near-term, along a thin daily cloud

  • Cloud parameters 0.8891-0.8932

  • However, while the base holds risk is skewed topside








EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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