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Apr 21 - 06:55 AM

GBP/USD - Euro Twists The Knife And Puts Sterling Under A Cloud

By Peter Stoneham  —  Apr 21 - 05:15 AM
  • The power of Ichimoku cloud twists again highlighted in EUR/GBP

  • Strong bull bias since April 14 and a cloud twist value today at 0.8330-38

  • Price breaks above the cloud and 50DMA at 0.8353

  • Move up now eyes a key 50% Fibo at 0.8381, off the 0.8512-0.8250 drop

  • The 100DMA just above at 0.8386

  • 14-day momentum bearish but expect to flip positive on a strong close

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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