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Dec 01 - 02:55 AM

GBP/USD - Battle Underway At Recent High Points

By Peter Stoneham  —  Dec 01 - 02:10 AM
  • Price beginning to churn close to daily bull trend highs

  • Monday bearish indecision leads into a positive Tues start

  • Recent 1.3388-99 highs initial hurdles: 1.3481-1.3516 key highs

  • Friday 1.3284 low a potential tipping point to the downside

  • Mid-month 1.3079-86 cloud twist in the mix, could drag on price

  • Monthly close inside Ichimoku cloud could be significant development

















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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