Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 02 - 05:55 AM

GBP/USD - Upside Seems Limited By The Thick Daily Cloud

By Martin Miller  —  Sep 02 - 04:05 AM
  • Weighed down by the thick daily cloud that spans 1.3778-1.3911 region

  • Bull trap left above 1.3792 Fibo on Tues and Wed are further bearish signs

  • The 1.3792 Fibo is 50% of the 1.3983 to 1.3602 (July to August) setback

  • Bull trap is set when a mkt breaks above a tech level but quickly reverses

  • However, fourteen-day momentum is on course to turn positive

  • GBP/USD Trader TGM2338. Previous update nL1N2Q30K7

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!