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Refinitiv
Oct 17 - 05:00 AM
GBP/USD - Acceleration Risk Below 200DMA
First appeared on eFXplus on Oct 17 - 02:40 AM
  • Top in place at 1.2877 and now at best consolidation above 200DMA

  • Weekly cloud twist at 1.30 value Nov 1 likely out of reach today

  • Close above 55WMA, 1.2756 needed to keep the upside alive

  • However, dailies point to a return to the 1.2713 200DMA pivot point

  • Below here and risk of a fresh acceleration to the downside

  • Oct 11 significant up-day high is at 1.2708









GBP/USD Trader:

GBP/USD Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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