By Peter Stoneham — Dec 14 - 02:10 AM
Rebound off 55DMA into Frid's close and long lower candle shadow
Hammer candle negates some of this Wed's cloud twist, 1.3079-86
The cloud itself climbs from Wed, further reducing twist pull
However, weekly twist out to late Jan, 1.2464-1.2510, should not be ignored
Despite shift in short term bias and bull candle signal bears still in play
Will take a climb above last week's 1.3476 high to trigger stronger squeeze
We stand aside while signals are mixed
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary