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Sep 25 - 05:00 AM
GBP/USD - Significant Loss Of Bullish Momentum But Cloud Key
First appeared on eFXplus on Sep 25 - 02:50 AM
  • Tues failure just above 1.2500 giving our short some hope

  • A very thick daily cloud the major hurdle for bears to overcome

  • Cloud top at 1.2400 with 21 and 55DMAs behind at 1.2344 and 1.2296

  • Initial resistance at 1.2504 Tues high then big level at 1.2582, Sept 20 top

  • Daily bull momentum is fading fast but stoch fall slowing

  • Bears look to Oct 21 1.2268-73 cloud twist: last wk's doji also bearish









GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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