Cloud Chart Trader

Monday, 19 December 2016

GBPUSD fighting for support at top end of cloud!

$GBPUSD fighting for support at top end of cloud: 1.245,if support holds here, should grind up to 1.27 resistance.





So far so good, GBP fighting for support at top end of the cloud. If cloud support holds here and we get a rebound, then the next key resistance level will be the 1.277 level.

The front end of the cloud indicates that we have a uptrend in place for now, with downside risk towards the bottom end of the cloud if support fails.












Posted by Cloud Chart Trader at 10:58
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