Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 03 - 05:55 AM

GBP/USD - A GBP/USD Close Above A Key Fibo Would Expose The Cloud Top

By Martin Miller  —  Sep 03 - 03:42 AM
  • Bulls make progress through the thick daily cloud that spans 1.3778-1.3911

  • Thursday saw a daily close above the 1.3792 Fibonacci level

  • 1.3792 Fibo, a 50% retrace of the 1.3983 to 1.3602 (July to August) setback

  • That led to a breach of 1.3837 Fibo, 61.8% of the same 1.3983 to 1.3602 drop

  • A daily close above 1.3837 Fibo will increase the odds of a cloud top test

  • GBP/USD Trader TGM2338. Previous update nL1N2Q40J9

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!