By Peter Stoneham — Jun 13 - 04:55 AM
Price rebound out of last wk's 0.8486 low brings trend resistance into play
The line dawn off the 0.8618 May 12 high comes in at 0.8578 today
We have raised our long stop to entry, 0.8510, and target 0.8615
Bullish daily momentum just holding and Ichimoku cloud rising
Weekly gains now consolidating inside the weekly Ichimoku cloud
The weekly cloud does thin, weakens resistance, but is also falling
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EUR/GBP Trader:
Source:
Refinitiv IFR Research/Market Commentary