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teaguetrading

GBPUSD 180916 Review

British Pound / U.S. Dollar (FX:GBPUSD)  
teaguetrading Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis
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trendanalysis
We have started to see GBPUSD start a turn around. It has made it past the 78.6% level on the Fib, after breaking through late last week.

This chart shows the daily, but some of the real action is seen in the 4h hour.

snapshot

In it we see a break out to the upside on the Ichimoku Cloud, which could indicate we have a turnaround coming.
Comment:
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Comment:
Forgot to mention that in recent weeks/days this pair has seen a lot of movement around 0730 UTC.
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