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Thomson Reuters
May 01 - 03:48 AM
GBP/USD - Brexit Optimism Brings Key Fibo Into Play
First appeared on eFXplus on May 01 - 02:00 AM
  • Impressive push up inside the daily cloud Tues and a small bid holding
  • High of 1.3049 just shy of a 38.2% Fibo off 1.3380-1.2851 at 1.3053
  • 30DMA above at 1.3052 with 55DMA behind at 1.3090
  • Overbought stochs and negative momentum call for adjustment-consolidation
  • Consolidation around 21DMA and cloud base to ease conditions, 1.3015-25
  • Weeklies looking much healthier and a cloud test possible, base at 1.3065

GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

GBP/USD Weekly Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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