By Peter Stoneham — Dec 11 - 02:30 AM
Continues to ratchet lower towards a Dec 16 cloud twist, 1.3079-86
However, higher recent lows and long lower shadows hint at supply fade
Key supports now 1.3225-1.3245 Monday-Thursday lows
30DMA also containing weakness, currently 1.3268
Not a classic reversal but weeklies look to have peaked
Note there is also a weekly twist, 1.2464-1.2510 w/e Jan 22, in the mix
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary