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Dec 10 - 02:55 AM

GBP/USD - Twist Sounding The Alarm For Those Sat Long

By Peter Stoneham  —  Dec 10 - 01:50 AM
  • Beginning to churn within 1.3380-1.3480 range but bears have the edge

  • Dec 16 1.3079-86 cloud twist sounding the alarm for those sitting long

  • Major support for today ay 1.3225, Monday's low: 30DMA just ahead at 1.3259

  • Daily bull momentum fading fast and RSI coming off over bought levels

  • Weeklies also hint at a trend turn: bearish Harami and cloud twist

  • Harami candle a real body inside week: 1.2464-1.2510 twist late Jan 2021

















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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