Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 12 - 06:55 AM

GBP/USD - Tracking Lower Within Its Ichimoku Cloud

By Peter Stoneham  —  Aug 12 - 04:50 AM
  • Offered market but the 10DMA and daily cloud base putting up a fight

  • The average today at 1.2155 and cloud base 1.2161

  • Thickening cloud is falling and the top provides good resistance at 1.2272

  • We lean bearish and see risk to 1.2000 near-term

  • Weekly action hints at a bullish continuation pattern

  • Long upper weekly shadows counter the pattern

  • Conflicting charts: we stand aside for now

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!