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

GBP/USD - Bears Struggling To Hold A Cloud Break

By Peter Stoneham  —  Nov 09 - 01:45 AM
  • Long lower candle shadow Wed a concern for our 1.2417 short

  • The trailing stop has been adjusted marginally higher, 1.2310

  • Daily Ichimoku cloud base proving difficult to clear, today at 1.2271

  • Fourteen day momentum remains positive, another risk to the short play

  • Wed 1.2243 low initial support and 1.2301 high the resistance

  • Failure to remove 1.2243 today might see our short squared

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!