Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 09 - 02:55 AM

GBP/USD - Major Fibo Level The Next Tipping Point

By Peter Stoneham  —  Sep 09 - 02:05 AM
  • Significant price drop Tues and the removal of key support

  • Aug 4 1.2982 low point breached and bear focus switches to the daily cloud

  • Cloud parameters are 1.2855 and 1.2679

  • A 50% Fibo of 1.2252-1.3481 just ahead at 1.2867: next big tipping point

  • Initial supports at 1.2931 and 1.2900, 200WMA-55DMA

  • 14-day negative momentum slumps and RSI confirms losses

  • We offer by 1.3185 but strategy change on close below 1.2930














GBP/USD Trader:

GBP/USD daily candle 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
© 2020 eFXdata · All Rights Reserved
!