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Thomson Reuters
May 13 - 05:00 AM
GBP/USD - Bulls Eye Cloud After 200DMA Rebound
First appeared on eFXplus on May 13 - 03:05 AM
  • Price based at the 200DMA last week and stages modest rebound
  • We have an offer by the daily cloud base at 1.3077 for bearish resumption
  • However, a tight stop as bull risk increases into thin 1.3077-1.3143 cloud
  • Daily bull momentum increasing but RSI still flat: calling for modest gains
  • Weeklies also have a cloud battle, base at 1.3022, but cloud is thick
  • Weekly momentum flips to positive but again RSI is flat

GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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