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Jan 23 - 02:55 AM

GBP/USD - Euro Set To Drive Home Another Bullish Advantage Versus Sterling

By Peter Stoneham  —  Jan 23 - 02:02 AM

• EUR/GBP attempting to drive home another bullish advantage

• The 10-day MA has crossed above the 200MA, bull signal

• Still a risk of sideways action below the 0.8473 Jan. 20 five-month high

• On any corrective pullback a minimum adjustment level is at 0.8414

• The 10 and 200-DMAs just ahead at 0.8428 and 0.8422, respectively

• We lean bullish and will monitor price on dips

• EUR/GBP Trader EUR/GBP Trader: [page:2343]
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

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