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Dec 03 - 07:55 AM

EUR/GBP - Daily Cloud Break A Significant Development

By Peter Stoneham  —  Dec 03 - 06:15 AM
  • Our 0.8490 bid filled Thurs and now looking for a cloud break

  • Daily Ichimoku cloud has contained price since Nov 30

  • Cloud parameters currently 0.8484 and 0.8531

  • Daily momentum reading flips to positive: first time since Nov 15

  • Close above the cloud targets the 200DMA at 0.8562

  • Our long target set at 0.8590, just shy of 0.8595 Nov 5 high

  • Weeklies set to close above 5WMA, 0.8490

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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