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Aug 16 - 05:55 AM

GBP/USD - Euro Facing Key Week Vs Sterling; Don't Ignore The Twist

By Peter Stoneham  —  Aug 16 - 03:43 AM
  • Close abv 10DMA Friday could be significant as bulls hold a slim advantage

  • Minimum correction off 0.8669-0.8450 drop effected Frid, 38.2% is at 0.8534

  • Ichiomoku cloud twist at 0.8586-87 Aug 30 could be influencing direction

  • Cloud twists can appear to attract price: could be a determining factor

  • 14-day momentum set to flip positive but RSI has leveled off

  • Mixed signals leaves us side lined but we still lean bearish despite twist

    For more click on FXBUZ

EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Refinitiv IFR Research/Market Commentary


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