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Oct 11 - 05:55 AM

GBP/USD - Rebound Risk But Cloud Breach Could Be Significant

By Peter Stoneham  —  Oct 11 - 03:45 AM
  • Doji candles are hinting at bearish indecision and rebound risk

  • Counter to this a Thurs close inside the daily cloud

  • Daily momentum readings are nearing over sold levels

  • A break back above the daily cloud top, 1.3073, could trigger a squeeze

  • Signals are mixed but corrective gains the Friday risk

  • We are side lined for now waiting for stronger signals

  • GBP/USD trader TGM2338

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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