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Gbp0.8880-0.8925 Provide Break Out Levels

EURGBP
MNI (London)
  • Remains in the bottom half of its key technical 1.0% 10-dma envelope, which is seen keeping the underlying outlook bearish.
  • However, a break above the recent recovery high of Gbp0.8925, and a move above the 10-dma, which currently comes through close behind at Gbp0.8932, would negate this outlook and open a stronger recovery.
  • Support noted between Gbp0.8890/80, a break to expose the stronger support area between Gbp0.8866/61.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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