Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
May 07 - 03:48 AM
GBP/USD - Bulls Look To Major Fibo As Bollingers Tighten
First appeared on eFXplus on May 07 - 02:05 AM
  • Choppy price action in and around the daily cloud
  • Some neutral readings on studies and flat lining l/t averages
  • 21DMA Bollis narrowing, point to a volatility drop and risk of range break
  • Bullish advantage, look to 76.4% Fibo off the 1.3380-1.2851 drop at 1.3255
  • However, a cls below 1.3077 daily cloud base could shake up the bull trend
  • Buying dips still favoured but with tight stops

GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!