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Dec 03 - 02:55 AM

GBP/USD - Volatility Clouding Direction

By Peter Stoneham  —  Dec 03 - 02:00 AM
  • Clinging to its underlying bull trend but volatility clouding direction

  • Double day high 1.3341-42 in place and trend consolidation low 1.3284

  • Wed long lower candle shadow suggests demand is holding

  • However, a Dec 16 1.3079-86 cloud twist could drag on price

  • Weeklies set for fifth straight bull week but 14-wk positive momentum fading

  • Big levels, 1.3481 and 1.3516 standing over the market: we offer at 1.3475

















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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