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Nov 13 - 03:55 AM

GBP/USD - Make Or Break Level Into The Weekend

By Peter Stoneham  —  Nov 13 - 02:00 AM
  • Sharp two day decline from 1.3322 into mild early Friday adjustment

  • Fall stalling at 10DMA line, 1.3120, ahead of the daily cloud top, 1.3079

  • Cloud top could be critical: if holds price could pan out sideways

  • Potential for a weekly shooting star keeps focus to the downside

  • The candle pattern negating last week's key reversal pattern

  • 14-week momentum also risks flipping to negative

  • Overall, direction remains clouded by volatility: we stand aside for now













GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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