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Jan 13 - 05:00 AM
EUR/GBP - Bulls Stage Significant Resistance Breach
First appeared on eFXplus on Jan 13 - 02:50 AM
  • A more convincing EUR/GBP bull break and a cloud breach too

  • Cloud break, 0.8516, and 55DMA breach: long stop raised to 0.8497 entry

  • Next big topside level the 0.8591 Dec 23 high

  • Target 0.8680 but have interim levels at 0.8615, 21DMA and 0.8658 Nov 7 hi

  • Looking for 14-day momentum to flip to positive: RSI already confirms gains

  • Weekly chart needs a move above 0.8591 to trigger a range break

  • TGM2343












EUR/GBP Trader:

EUR/GBP daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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