By Martin Miller — Aug 18 - 03:55 AM
GBP/USD's 14-day momentum reading remains negative, tilts bias to downside
Those that are bearish are on course to force a daily close under the cloud
That would open the pathway to much bigger losses in coming sessions
The thick daily cloud, that spans the 1.2726-1.2862 region, weighs
If there is a break, daily close above 1.2818 Fibo, that would be bullish
1.2818 Fibo is a 38.2% retrace of the 1.3144 to 1.2617 (July to August) drop
GBP/USD Trader TGM2338. Previous upside nL1N39Y0KE
Source:
Refinitiv IFR Research/Market Commentary