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EURGBP Bounces As Thick Daily Cloud Continues To Undepin

Discussion in 'Technical Analysis' started by Kaitlin, Sep 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The cross bounces on weaker sterling, emerging above daily cloud which continues underpin near-term action. Brief penetration into cloud was contained by daily Tenkan-sen line (currently at 0.8413), with fresh strength turning focus towards initial barrier at 0.8493 (near-term congestion top) and 0.8527 pivot (daily Kijun-sen line / 50% of 0.8723/0.8331 pullback).[​IMG]

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