By Peter Stoneham — Mar 31 - 06:47 AM
• Strong Friday rally and EUR/GBP clear above the daily Ichimoku cloud
• Cross just being held by the 100-day moving average, 0.8363
• The short-term average backed up by the 200-day average, currently 0.8379
• Underlying bear trend is intact despite Friday's rebound
• A trend resistance line off the March 11 0.8449 high is at 0.8383 today
• We lean bearish but will wait for fresh signals
• EUR/GBP Trading Page
EUR/GBP daily candle chart:
(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters
