Forex technical analysis: EURGBP trades up and down in the top half of the range
Holds 61.8 Retracement on the move higher
The EURGBP surged on the back of the exit results and on the spike higher, stalled a few pips short of the 61.8% of the move down from the October 2016 high to the December 2016 low (the low in April and 2017 low was just above the December 2016 low). That retracement level comes in at 0.8823 (see daily chart below). The high reached 0.88215. That peak occurred in the first 5 minute bar after the exit poll estimate of 314 seats.