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Nov 07 - 02:55 AM

GBP/USD - Euro Targets Its Daily Cloud Base Versus Sterling

By Peter Stoneham  —  Nov 07 - 02:00 AM
  • Bullish Monday open but the cross is below Friday's 0.8785 high

  • While above converged 21, 30 and 55-day MAs risk is to the daily cloud base

  • Averages are at 0.8792-96 and cloud parameters are at 0.8800-0.8924

  • We still respect the bull move and bid by 0.8745 for a target near 0.8900

  • Weeklies strong and just missed a key reversal by a pip

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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