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Apr 28 - 02:55 AM

GBP/USD - At A Major Crossroads As Cloud Thins

By Peter Stoneham  —  Apr 28 - 01:52 AM
  • Another failure at the cloud top putting bearish pressure on sterling

  • The daily cloud has thinned and loses strength, which could allow gains

  • Base of the cloud is underpinned by the 55DMA at 1.3875

  • Bullish 14-day momentum is fading and RSI has turned over

  • Weekly leans bullish but last wk's long upper shadow hints at demand fade

  • Our 1.3902 long play hangs in the balance as signals conflict

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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