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Oct 22 - 04:55 AM

GBP/USD - High Probability GBP/USD Ends October With A Twist

By Jeremy Boulton  —  Oct 22 - 02:50 AM
  • During Brexit GBP has seen lots of whipsaw movement, no sustained direction

  • GBP currently rallying on hopes a deal is stuck by mid-Nov nL4N2HC3OI

  • Every other deadline has resulted in another deadline

  • Continuing uncertainty likely to anchor GBP/USD on familiar ground

  • There's an Ichimoku cloud twist on the daily chart at 1.2981-85 on Oct 27

  • Twists often attract even turning the direction of strongly trending moves

  • Greater probability this one attracts a non-trending pound

GBPUSD Click here

Refinitiv IFR Research/Market Commentary


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