• 
• See all for FXstreet.com
• View Print Version

FXstreet.com (Barcelona) - With its rally stalled at the 0.8221 January 2012 low, the EUR/GBP "has failed to register a close through here and in fact charted a key day reversal on the 28th December. This implies some near term weakness to start the year", wrote analyst Karen Jones, pointing to supported dips at the 6 month uptrend at 0.8069 and while above here scope remains to retest 0.8221/25. "Below 0.8069/65 would sever the uptrend and leave the market vulnerable to another sell off to the 0.7961/50 region (lows seen in May and October 2012)", Jones added, considering them to be key break down points.

Related Forex and Currencies Articles

• 
  Gold futures extend losses, down 6% to hit USD1,290 a troy ounce
  6/20/2013 03:31 AM
• 
  U.K. CBI industrial order expectations improve less-than-expected
  6/20/2013 03:30 AM
• 
  Dollar extends gains as Fed signals end to easing
  6/20/2013 03:29 AM