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Thomson Reuters
Jun 13 - 07:24 AM
GBP/USD Below Key 10DMA Underpins EUR/GBP Gains
First appeared on eFXplus on Jun 13 - 05:00 AM
  • Battle underway and repeated failures ahead of 200DMA line, 0.8832 today
  • Long upper wicked candles a concern for bulls
  • The daily cloud continues to drag on price despite multiple upside breaks
  • Cloud twist at 0.8758 Jun 26 noted
  • Daily bull momentum higher but stochs flat lining
  • We maintain a 0.8760 long play for 0.8855: raise stop on cls abv 0.8810

GBP/USD Trader:

EUR/GBP Trader:

EUR/GBP Daily Chart: forex Click here

Source:
Thomson Reuters IFR Markets

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