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Jun 17 - 07:55 AM

GBP/USD - This Week Could End Badly For The Pound

By Peter Stoneham  —  Jun 17 - 05:43 AM
  • Daily range break and lining up a test of daily cloud top

  • Speed of drop under 1.4074 range base over extendes momentum-RSI readings

  • A thin 1.3952-1.3884 cloud provides support-trigger levels

  • The 100DMA splits the cloud at 1.3937

  • Market has not closed below the 100DMA since July 2020

  • Weekly chart shaken up and underlying bull trend buckles badly

  • A challenge of the bull trend defining 21WMA the risk to sterling

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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