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Mar 31 - 06:55 AM

GBP/USD - Traders Have Been Trapped In Daily Cloud

By Martin Miller  —  Mar 31 - 04:55 AM
  • Spot stuck within daily cloud, spanning 1.3715-1.3956 region, for 6 days

  • Only a daily close above the tenkan line at 1.3814 would be bullish

  • That would have to be confirmed with a close above the cloud top

  • We are looking to get short at 1.3830 in anticipation for a bear resumption

  • GBP/USD Trader TGM2338. Previous update nL1N2LS0EM

  • USD's short exodus puts it on the cusp of bigger gains nL1N2LQ072

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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