Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 27 - 05:55 AM

GBP/USD - Could Disappear Under A Cloud

By Martin Miller  —  Oct 27 - 03:50 AM
  • GBP/USD's left a "bull trap" when market broke above 1.3173, then reversed

  • 1.3173 Fibo, a 61.8% retrace of the 1.3481 to 1.2676 September drop

  • The "cloud twist" near 1.2980, Wed, will likely act like a magnet

  • Risk grows for a collapse under the daily cloud that spans 1.2981-1.2985

  • That would likely lead to a much bigger drop in coming sessions

  • GBP/USD Trader TGM2338. EUR/USD update nL1N2HI0GD

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!