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Oct 19 - 05:55 AM

GBP/USD - Euro Eyes Levels Above Key Resistance Versus Sterling

By Peter Stoneham  —  Oct 19 - 03:40 AM
  • EUR/GBP remains hemmed in between the 200-DMA and 100-DMA & daily cloud

  • The averages currently ay 0.8697 and 0.8604: cloud top at 0.8597

  • Daily RSI is falling and monthly RSI is near neutral

  • A monthly doji candle is in place for October

  • Daily chart leans bullish and a 200DMA breach could trigger a squeeze

  • Signals are mixed so we will stand aside for now

  • Will reevaluate on a move above 0.8704, Sept high

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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