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Jul 09 - 05:00 AM
GBP/USD - Clear Above 30DMA And Eyes Major Resistance
First appeared on eFXplus on Jul 09 - 02:40 AM
  • Bull trend extending and our 1.3205 short play stopped out
  • A high of 1.3228 early Monday, clear above 30DMA, and bid holding
  • Major resistance at 1.3446 June 14 high, thick daily cloud ahead
  • Cloud base 1.3411 potentially limiting further gains
  • Daily stochs are turning over but momentum has flipped to positive
  • Will await stronger signals while indicators are mixed

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