By Peter Stoneham — Feb 18 - 05:19 AM
• Sterling clear a major resistance point but next hurdle could be too high
• Monday's price action closed above the daily Ichimoku cloud
• Last time sterling was above the cloud was October 2024: top at 1.2572
• The 100-day MA is at 1.2666 and could be out of reach unless GBP corrects
• Fourteen day positive momentum is fading and RSI falling
• We lean bullish but await fresh signals/pullback
• GBP/USD trader GBP/USD Trader: [page:2338]
GBP/USD daily Ichimoku Chart:
(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters
