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Apr 07 - 11:55 AM

EUR/GBP - Long-Term Trend Reversal Becoming Entrenched

By Peter Stoneham  —  Apr 07 - 09:47 AM
  • Misjudged the strength of the turn as a second day of big gains unfolds

  • Our original 0.8640 long target met: premature cut costing us 40-pips

  • Danger to the long-term bear trend on a cls above 0.8645 Mar 24 high

  • Big level above and key turning point 0.8730 Feb 26 high

  • Minimum correction off major 0.9229-0.8472 bear trend is 0.8651

  • Next Fibo at 0.8761 and key 50% 0.8851

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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