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    HomeContributorsTechnical AnalysisGBPUSD Outlook: Daily Cloud Top To Contain Pullback And Keep Bullish Bias

    GBPUSD Outlook: Daily Cloud Top To Contain Pullback And Keep Bullish Bias

    Cable eases on Monday after strong two-day rally on Thu/Fri, driven by positive Brexit news hit high at 1.3132. Near-term structure is bullish, along with daily Ichimoku studies, favoring further upside after correction. Daily Tenkan-sen offers immediate support at 1.3069, followed by Kijun-sen at 1.3041, which should ideally contain dips and keep pivotal support at 1.3012 (daily cloud top) intact. Only break and close below daily cloud top would sideline bulls and risk further weakness.

    Res: 1.3106, 1.3132, 1.3154, 1.3217
    Sup: 1.3069, 1.3041, 1.3012, 1.2980

    Windsor Brokers Ltd
    Windsor Brokers Ltdhttp://www.windsorbrokers.com/
    The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

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