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Sep 13 - 07:55 AM

EUR/GBP - Conflicting Signals But Bears Hold Advantage

By Peter Stoneham  —  Sep 13 - 05:54 AM
  • Bearish key week reversal sets up a soft start Monday

  • No major trend to reverse but key week still significant

  • However, long lower candle shadows Thurs-Frid hint at supply fade

  • Risk of corrective rebounds and we offer by 0.8565 for drop into the 0.84s

  • Thurs cloud breach is holding, base of cloud is at 0.8537

  • Frid 0.8520 low now supp break opens up 0.8513 61.8% Fibo off 0.8450-0.8614

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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