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Dec 16 - 06:55 AM

GBP/USD - Euro Recovery Versus Sterling May Have Run Its Course

By Peter Stoneham  —  Dec 16 - 04:40 AM
  • Thursday-Friday rally damaged the underlying bear trend

  • Overbought but the cross has dipped

  • Risk of a drop to the 10-day moving average line, currently 0.8280

  • Topside and a thin cloud and 100-day moving average provide resistance

  • The Nov. 26 drop off point, 0.8365, also significant

  • We are side lined for now

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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