Tuesday, 15 October 2024

GBP/USD: Bearish Bias Under Daily Cloud Top

by BD Banks

Bears hold grip and keep the price within daily cloud for the third straight day, with cloud top acting as solid resistance and limits upticks. Renewed probe through 1.3049 (50% retracement of 1.2664/1.3434) looks for eventual firm break here to signal bearish continuation for attack at psychological support at 1.30 (also Sep 11 higher low), […]

The post GBP/USD: Bearish Bias Under Daily Cloud Top appeared first on Action Forex.

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