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Thomson Reuters
Feb 01 - 07:24 AM
EUR/GBP - Run At 0.8800 Finds Offers But UK Data Underpins Bulls
First appeared on eFXplus on Feb 01 - 05:25 AM
  • Price got within two-pips of our 0.8710 stop last session (long from 0.8666)
  • Friday rebound now threatening a run through 0.8800
  • 0.8803 is the 38.2% Fibo of the 0.9102-0.8618 drop
  • Close above here opens up 0.8831 100WMA then 0.8850 weekly cloud base
  • We maintain an 0.8850 target, just ahead of a confluence of 0.8860 levels
  • Daily, weekly and monthly Ichimoku levels: Tenkan and Kijun lines at 0.8860

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Source:
Thomson Reuters IFR Markets

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