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Apr 05 - 04:55 AM

GBP/USD - Euro Inches To A Slight New Peak Against Sterling

By Peter Stoneham  —  Apr 05 - 03:15 AM
  • A little more hopeful for our 0.8551 long play

  • The cross has shrugged of back to back doji stars

  • A new high for the current bull run, 0.85825

  • EUR/GBP holds above 10-DMA: daily-monthly RSIs indicating upward momentum

  • Encouraging signs for the long trade, which targets 0.8600

  • An 0.8585/90 resistance zone is an impediment

  • The 100-DMA and a series of recent daily highs sit in that zone

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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