GBPUSD Week 47
Hi Traders,
The gbp started the week looking to follow through on the bullish momentum, however bears took control for most of the week. The stochastic showing bearish cross on Nov 21.
Friday' price action broke the 618 fib retracement because of bad PMI data coming out of Europe and the UK.
I would argue that we are in a period of consolidation, with the trend channel containing price action.
Would look for range plays going into the new week.
Kind regards,
Aardall
The gbp started the week looking to follow through on the bullish momentum, however bears took control for most of the week. The stochastic showing bearish cross on Nov 21.
Friday' price action broke the 618 fib retracement because of bad PMI data coming out of Europe and the UK.
I would argue that we are in a period of consolidation, with the trend channel containing price action.
Would look for range plays going into the new week.
Kind regards,
Aardall
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.