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Nov 16 - 02:55 AM

GBP/USD - FX Traders Should Expect A Battle

By Peter Stoneham  —  Nov 16 - 02:00 AM
  • Falling significant highs since Dec 2019 warn of a battle above 1.3300

  • GBP carving out a higher range above its daily Ichimoku cloud, 1.3079

  • Bounce out of Thurs 1.3108 low could extend back to the 1.3322 Wed peak

  • We offer by 1.3315 for a return to the cloud top: Dec 16 twist 1.3079-86

  • Weeklies remain constructive and argue for tight sell short stops

  • However, long upper shadow last wk a warning: pivotal wkly res. now 1.3322















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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