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Apr 21 - 02:55 AM

GBP/USD - Euro Recovery Testing Cloud Resistance Versus Sterling

By Peter Stoneham  —  Apr 21 - 02:00 AM
  • Daily and weekly Ichimoku clouds just containing the cross

  • We are maintaining a 0.8831 short play for 0.8735 with a 0.8865 stop

  • The daily cloud is thickening and the base provides resistance at 0.8823

  • Key support for today is at 0.8793, the Apr. 19 low

  • A 61.8% Fibo off 0.8730-0.8863 is at 0.8781 and Apr. 11 low at 0.8864

  • Weekly cloud top is at 0.8841

  • Bearish weekly candle but with a long lower shadow

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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