Friday, October 16, 2026

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GBP/USD sees hurdle at Ichimoku top

The Ichimoku cloud top sticking point for the bears Requires a move back in cloud to increase confidence in bears Day trend indicators are moving south Remain with sell strategy while below the 1.5554 high from Thursday …

By Meredith J C Warren
1 min read
GBP/USD sees hurdle at Ichimoku top
Image from the original EconoTimes article

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  • The Ichimoku cloud top sticking point for the bears

  • Requires a move back in cloud to increase confidence in bears

  • Day trend indicators are moving south

  • Remain with sell strategy while below the 1.5554 high from Thursday

  • Target 1.5324 38.2% fibo retrace of 1.4952 - 1.5554

 

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