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Jun 04 - 05:55 AM

GBP/USD's "cloud Twist" Is A Red Flag For Bulls

By Martin Miller  —  Jun 04 - 03:42 AM
  • There is a cloud twist on the daily chart on June 14, well below 1.4000

  • A cloud twist usually acts like a magnet when date of occurrence draws near

  • That highlights the looming downside risk facing cable bulls

  • Mkt looks set to fall through the 30-DMA, now at 1.4063, in coming sessions

  • Below the 30-DMA would unmask the daily kijun line that is at 1.4027

  • Break above Thur's 1.4202 Refinitiv data high would defer. Trader TGM2338

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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