Flows and Orders/GBP crosses/Technical Analysis

EUR/GBP: Nearing recent lows

  • Recent support points at .7935 are coming back into view and there is a 61.8% retracement level just below there, which you can see here on the 4-hr chart:
  • Interbank dealers report large stop-loss orders below .7910:
  • The Buba normally buys around 1billion EUR/GBP at the end of every month but this hasn’t yet been reported.

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