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Aug 29 - 04:55 AM

EUR/GBP - Upside Breakout Eyes Big Resistance Levels

By Peter Stoneham  —  Aug 29 - 03:10 AM
  • Cross nearing big resistance points as bull run extends

  • Daily cloud base is at 0.8517 and a 50% Fibo at 0.8531

  • Set for a close above the 55-DMA, first time since July 5

  • Long-upper candle shadow high at 0.8562 from July 20 a target

  • Daily momentum not yet confirming price gain but RSI is climbing

  • We have a bid by 0.8460, to be revised on a cloud break

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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