Against a background of bullish weekly signals for sentiment, minor gains Monday extended last week's powerful upside. EURGBP was bought at higher levels for a 4th day in a row and the market was sustained above the key mvg avg area. Overbought extremes constrained the limited of the upside and a more significant profit taking reaction cannot be ruled out. But with the undertone still clearly positive our call;
we look to Buy in .8905/10 area and on a .8894 dip
Stop is .8867 offered.
Targets; .8934, .8956 or even .8988.
Closing 4pm London time