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ICFX

GBP Index - Gap closure

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ICFX  
FX:GBPUSD*FX:GBPJPY*BITSTAMP:GBPEUR   None
Trend Analysis Pivot Points Technical Indicators GBPUSD GBP pound cable GBPJPY EURGBP
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trendanalysis pivotpoints indicator gbpusd gbp pound cable gbpjpy eurgbp
Looking at GBP Commulative Index (vs EUR, USD, YEN) we see much weakness in pound - price gapped down. Price is below THICK KUMO CLOUD and below weekly pivot. The downtrend started with missed weekly pivot. What we are seeing nowis a pullback. Price pulled to close the liquidity gap testing weekly pivot. Both EUR and GBP are likely to fall next weeks. We should see some dollar recover.

THIS IS NO FINANCIAL ADVISE.
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