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Oct 22 - 12:12 PM
GBP/USD - Keep An Eye On The Weekly Cloud, Could Be Significant
First appeared on eFXplus on Oct 22 - 10:00 AM
  • Top in place, 1.3012 Mon, and adjustment underway: close to a bearish harami

  • Candle real body inside day is a reversal signal that needs confirmation

  • Price looks set to close back inside the 30DMA Bollinger envelope

  • Mon's 1.2850 low supp: break opens up 23.6% Fibo off 1.2196-1.3012 bull run

  • Converged 10 and 200DMAs below at 1.2715: seen as major turning point

  • Weeklies struggling to get above thin ichimoku cloud: cloud 1.3005-1.3013








GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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