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Yesterday, as noted here, the EUR/GBP stalled just above 0.8700. The high seen was set at 0.8702. That was almost identical to the high set on Friday, when it peaked at 0.8703. Hence, technically, the EUR/GBP formed a clearly defined double top on the daily charts. The pair fell back and closed at 0.8675 last night, but it has been on the rebound again so far this morning, from a low point earlier at 0.8668. The Euro is now approaching that double top, but so far the 0.8700 handle has capped the rebound. Also to note, just above 0.8700 still lies the 200 day moving average, now at 0.8710. This has also been capping the topside in recent trading. Now as always, it remains to be seen, if that double top (and then the 200 day moving average) will prevail in terms of capping the topside again today, or it will be a target for the markets to aim at. Right now it looks more like the latter more than the former, but we shall see as the price action unfolds. The EUR/GBP is just now trading at 0.8695
The Pound performed pretty well yesterday and continued to press higher from an earlier session low at 1.3203, seen just as the European markets...
Yesterday afternoon the dollar hit session lows leading into the final 4pm London fix of the week and that saw the USD/JPY fall back to 141.90. One...
Pretty much all this week BTC has just not been at the races, indeed that was an observation made the week before and it was the same then too. So...
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