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FxWirePro: EUR/GBP cloud breakout reinforces upside bias, 0.92 mark in sight

EUR/GBP chart - Trading View 

Technical Analysis: Bias Bullish

GMMA Indicator

- Both major and minor trend are strongly bullish

- Scope for further upside

Ichimoku Analysis

- Price action has broken above daily cloud

- The pair holds support at Tenkan Sen


- Stochs and RSI are sharply higher 

- Momentum strongly bullish

Bollinger Bands

- Bollinger bands are widening on the daily charts 

- Volatility is high raising scope for large price swings

Summary: As the price rises in a 'Rising Channel' pattern, cloud breakout confirms further gains. Rising volatility and bullish momentum to carry prices higher. Major hurdles align at channel top at 0.92 ahead of 78.6% Fib at 0.9326. 

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