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Jan 23 - 07:24 AM

GBP/USD - Bears Win A Reprieve As Cloud Holds Firm

By Peter Stoneham  —  Jan 23 - 05:10 AM
  • A reprieve for EUR/GBP bulls as the daily cloud base holds

  • Our 0.8455 long still out of court but squeeze risk is increasing

  • Momentum and RSI are confirming the recent price drop however

  • Key support now Wed 0.8423 low and cloud base at 0.8419

  • Today's recovery only becomes a game changer above 10/21-DMAs at 0.8415

  • Above here and we raise our stop













EUR/GBP Trader:

EUR/GBP Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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