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Nov 06 - 03:48 AM
GBP/USD - Ichimoku Cloud Base To Cloud Top: Risk To Fibo Lvl
First appeared on eFXplus on Nov 06 - 02:15 AM
  • Friday's close below the daily cloud spoiled the ichimoku play
  • However, Monday's rebound has now extended towards the cloud top
  • Cloud top is at 1.3080 and base at 1.2979 now key support
  • Break here opens up 1.3126, 76.4% Fibo 1.3259-1.2697
  • Daily momentum yet to flip bull side and stochs threaten a bear cross
  • Flattening short to medium-term averages are flat: risk of sideways bias

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