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Apr 27 - 03:55 AM

GBP/USD Thinning Cloud Could Become A Sterling Trigger

By Peter Stoneham  —  Apr 27 - 02:09 AM
  • Sterling entrenched within its daily cloud, 1.3846-1.3931

  • The cloud thins into May 4 1.3881-1.3895 twist, break out potential

  • Broader range extremes are at 1.3670 and 1.4017

  • A potential 21-30DMA bull cross would strengthen the upside call

  • 14-day momentum confirming recent gains but RSI holds neutral levels

  • We are long for 1.4015 with a 1.3840 stop: Mon 1.3929 high initial res.

    For more click on FXBUZ















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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