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Thomson Reuters
Sep 27 - 05:00 AM
GBP/USD - Looking For The Breakout And Bulls Still In The Game
First appeared on eFXplus on Sep 27 - 02:45 AM
  • Price unable to break free of the 10 and 100DMAs, 1.3143 and 1.3141
  • Daily stochs are stalling and positive momentum slowing
  • Weekly action gives a bullish pointer but the 100WMA not letting go, 1.3098
  • Breakout levels seen at 1.3295 and 1.3041. Stand aside for now
  • Push above 1.3295 opens up weekly cloud twist at 1.3567 late December
  • Below 1.3041 and the base of the daily cloud becomes the risk, 1.2868

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