Flows and Orders/FXWW News/GBP crosses/Technical Analysis

EUR/GBP: Technical resistance at .8500

  • This level has held nicely in recent days (see chart);
  • There are likely to be stops directly above .8510;
  • I still really like the sell-rally play here but we could see prices near .8550 on a quick spike;
  • The market tends to get a bit more bullish towards the end of the month in expectation of central bank flows.

 

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