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Nov 04 - 03:55 AM

GBP/USD - Key Bull Signal Losing Its Potency

By Peter Stoneham  —  Nov 04 - 02:30 AM
  • Extreme volatility clouds near-term direction: potentially negating signals

  • Tues bullish engulfing candle strong but unlikely to be confirmed today

  • 14-day momentum still positive but RSI has peaked

  • Daily cloud in the thick of the action: 1.2958-1.3063

  • Key levels at week's extremes, 1.2854 and 1.3140

  • Weekly action highlights mkt indecision: currently a star doji forming

  • We stand aside for now

GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Refinitiv IFR Research/Market Commentary


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