Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 15 - 03:55 AM

GBP/USD - Profit Taking Ahead Of Key Levels Blunts Trend

By Peter Stoneham  —  Apr 15 - 02:23 AM
  • Weight of nearby resistance proving too much for the s/t bull trend

  • Res. points 1.3824 30DMA, 1.3841 cloud base and 1.3845 55DMA seen key

  • Air above 1.3800 too thin and swift pullback to 1.3776 by Wed close

  • Our 1.3720 long in play but may have to ride out a bout of consolidation

  • Worryingly for bulls 14-day momentum flips negative and RSI is turning over

  • May 4 1.3881-95 cloud twist fighting our corner: twists can attract

  • Pivotal support at the 100DMA, 1.3701 and 1.3690 21WMA

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily Ichimoku 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
!