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Thomson Reuters
Nov 22 - 12:12 PM
GBP/USD - CORRECTED-BUZZ-GBP/USD Forms Huge Hourly Candlestick Tail: Downside Rejected
First appeared on eFXplus on Nov 22 - 07:20 AM

Corrects 3rd line

  • Traders panicked previous hour, sold-off to 1.2785, before a sharp rebound
  • Left a huge tail on that hour's candlestick in a rejection of the downside
  • That increases the odds for further gains to the 1.2950 Fibo
  • Especially as GBP/USD saw a big one-hour jump on the EU/UK leak
  • 1.2950 Fibo, 50% of the 1.3176 to 1.2725 (Refinitiv Matching) drop
  • EU, Britain agree draft deal on post-Brexit ties nL8N1XX336

Hourly Candlestick Chart: Click here

Source:
Thomson Reuters IFR Markets

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