STO - EUR/GBP eyes 50% retracement?

Friday, 10/02/2017 | 10:11 GMT

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EUR/GBP has been consolidating in recent days but the 200 day MA around 0.844 and the 50% retracement of the post referendum slump both remain in focus. Recent highs around 0.86 should provide resistance.

AUD/JPY finding support at 38.2% retracement of Oct ’14-Jun ’16 sell-off. Resistance repeatedly being found at recent highs but break above 87.3 paves way for 50% retracement at 88.6

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/eurgbp-eyes-50-retracement

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