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FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains

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EUR/GBP close to 7 yr lows, scope to long-term fibo

Monday, February 23, 2015 3:14 PM UTC

Source: Thomson Reuters

EUR/GBP very close to test 7 year lows at 0.7340 intraday
Below that pair has scope to test long-term fibo at 0.7256 - 61.8% of 0.5681 - 0.9805
0.7341 lows thus far, 0.7321 - the low from Jan 2008 is the next support point
0.7389 and 0.7399 = 100/.200 HMA resistance, 0.7404 session high

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EUR/GBP close to 7 yr lows, scope to long-term fibo

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