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GBP/USD recovery stalled at 1.5042

Source: Thomson Reuters GBP/USD recovery stalled at 1.5042, prices continue to chop around 1.5000 The 100 HMA propped earlier. The average now at 1.4959 provides support 1.4960 was the European Am base, 1.4915 the low fr…

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GBP/USD recovery stalled at 1.5042
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Source: Thomson Reuters


  • GBP/USD recovery stalled at 1.5042, prices continue to chop around 1.5000

  • The 100 HMA propped earlier. The average now at 1.4959 provides support

  • 1.4960 was the European Am base, 1.4915 the low from Wednesday

  • A close above/under the Ichimoku cloud base key and gives directional bias

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