Derived Data That Drive Results
By Peter Stoneham — Nov 08 - 01:40 AM
A marginal close below the daily cloud but off its 1.2264 Tues low
Early Wed and price slipping to 1.2273 from 1.2300
Daily cloud base today at 1.2279
Our 1.2417 short stop lowered to 1.2355 and a revised 1.2110 target
Fourteen day positive momentum beginning to fade
Daily RSI confirming the price drop from 1.2428
Will lower our stop again on a 1.2234 Fibo break
For more click on FXBUZ
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
