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Refinitiv
Apr 16 - 02:55 AM

GBP/USD - Euro Clinging To A Slight Recovery Versus Sterling

By Peter Stoneham  —  Apr 16 - 02:00 AM
  • A marginal close below the daily Ichimoku cloud but a doji candle too

  • Tight open-close hints at market indecision

  • We are holding a short from 0.8568 for 0.8510 with an 0.8580 stop

  • A new low of 0.8527 for the current bear run

  • Early Tues gains stalling the fall in the 0.8530s

  • Key resistance at 0.8551, the 50-day moving average

  • May 2 0.8556-57 cloud twist a concern for our short play

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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