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Nov 30 - 02:55 AM

GBP/USD - Cloud Twist And 200-Day Moving Average Key Levels

By Peter Stoneham  —  Nov 30 - 01:35 AM
  • Price action becoming sticky in the 1.1945-55 area

  • Our short is nicely on-side and we lower the stop to 1.2065

  • Positive daily momentum beginning to fade: RSI flat lining at high levels

  • Key levels topside, the 200DMA at 1.2160 and a 50% Fibo

  • The Fibo taken off the 1.4233-1.0327 drop is at 1.2280

  • Dec. 5 1.1131-69 cloud twist still in play

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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