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Thomson Reuters
Aug 30 - 09:48 PM
GBP/USD - EUR Fall Capped, But Positive Signals Gain Traction
First appeared on eFXplus on Aug 30 - 08:10 PM
  • +0.1% early, closed -0.1% - GBP resilient on crosses, EUR/GBP closed -0.3%
  • Soft close failed to validate Wed's bullish outside day, bias still up
  • Momentum studies head north, 5, 10 & 21 DMAs climb/base - positive setup
  • Targets 1.3095, 61.8% July/August fall - close below 1.2862 21 DMA negates
  • Close above 1.3037 10 week MA would be a bullish signal for next week
  • Consumers relaxed, as Brexit approaches, GfK poll -7 from -10 nL8N1VL378

gbp aug 31 Click here

Source:
Thomson Reuters IFR Markets

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