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Oct 07 - 05:00 AM
GBP/USD - FX Traders Cloud Watching; Price Contained
First appeared on eFXplus on Oct 07 - 02:50 AM
  • Trading within the 1.2187-1.2399 daily cloud with a slight bear bias

  • Our 1.2383 short in play but needs 1.2271 kinsen break to cement stop drop

  • Other key points, 1.2205 and 1.2187, recent low and cloud base respectively

  • Last wk's action highlighted mkt indecision and potential sideways action

  • 1.1959 2019 low significant big picture supp and bear target

  • We continue to target 1.2245 with a 1.2420 stop







GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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