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Jun 16 - 02:55 AM

GBP/USD - Cloud Buyers Might Consider Booking Some Profit

By Peter Stoneham  —  Jun 16 - 02:30 AM
  • Bounce from daily cloud proves profitable for those who bought the rally

  • 200DMA just blunting the bull run at 1.2692 but pullback modest so far

  • Scope for a return to 1.2812 Jun 10 high while above cloud, 1.2307-1.2429

  • Bigger picture key levels 1.2075-1.2812, breaks to trigger next major move

  • Weekly action has a potential sideways look about it: below cloud

  • Weekly cloud parameters are 1.2738-1.2940













GBP/USD Trader:

GBP/USD daily ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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