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Aug 16 - 05:55 AM

GBP/USD - Could Be Set To Soar As The Daily Cloud Props Spot

By Martin Miller  —  Aug 16 - 04:00 AM
  • Cable earlier in August recently found support within the cloud region

  • The cloud is rising daily and currently spans the 1.2718-1.2803 region

  • While the daily cloud underpins, expect much bigger gains to 1.3000

  • Only a break and sustained trading under the daily cloud will defer

  • GBP/USD Trader TGM2338. Previous update nL1N3K20KC

Source:
Refinitiv IFR Research/Market Commentary

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