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Oct 19 - 03:55 AM

GBP/USD - Cloud Breach Could Open Up Sept. 13. High

By Peter Stoneham  —  Oct 19 - 02:01 AM
  • Rally off 1.3568 Oct 12 low now threatening to breach the daily cloud

  • We have gone long at market for a return to the 1.3913 Sept. 13 high

  • Stop placed tight below Mon's 1.3710 low

  • Ichimoku cloud parameters 1.3778-88

  • Close above needed to open up further gains

  • Hurdles above include 100 and 200DMAS, 1.3810-1.3848 respectively

  • There is a danger we are late to the party and cloud holds

    For more click on FXBUZ















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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