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Outlook Remains Bullish

EURGBP TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.9066/9266 High Sep 28 / High Sep 26 and key resistance
  • RES 3: 0.8980 High Sep 29
  • RES 2: 0.8867 High Oct 12
  • RES 1: 0.8829 High Nov 09
  • PRICE: 0.8768 @ 06:29 GMT Nov 14
  • SUP 1: 0.8689 50-day EMA
  • SUP 2: 0.8560/59 Low Oct 31 / 76.4% of Aug 2 - Sep 26 rally
  • SUP 3: 0.8522 Low Aug 30
  • SUP 4: 0.8471 Low Aug 28

EURGBP remains bullish and the cross is trading closer to its recent highs. Last week’s gains resulted in a break of resistance at 0.8781, the Oct 21 high. This strengthens the bullish theme and opens 0.8867 next, the Oct 12 high. Note that moving average studies are in a bull mode position, reinforcing a positive theme. For bears, a stronger reversal lower and a move through the Oct 31 low of 0.8560 is required to resume recent bearish activity.

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  • RES 4: 0.9066/9266 High Sep 28 / High Sep 26 and key resistance
  • RES 3: 0.8980 High Sep 29
  • RES 2: 0.8867 High Oct 12
  • RES 1: 0.8829 High Nov 09
  • PRICE: 0.8768 @ 06:29 GMT Nov 14
  • SUP 1: 0.8689 50-day EMA
  • SUP 2: 0.8560/59 Low Oct 31 / 76.4% of Aug 2 - Sep 26 rally
  • SUP 3: 0.8522 Low Aug 30
  • SUP 4: 0.8471 Low Aug 28

EURGBP remains bullish and the cross is trading closer to its recent highs. Last week’s gains resulted in a break of resistance at 0.8781, the Oct 21 high. This strengthens the bullish theme and opens 0.8867 next, the Oct 12 high. Note that moving average studies are in a bull mode position, reinforcing a positive theme. For bears, a stronger reversal lower and a move through the Oct 31 low of 0.8560 is required to resume recent bearish activity.