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Forex pairs in this Article » EUR/GBP (Barcelona) - Despite the 0.8162 level being recently broken over the holiday season, the EURGBP 0.8223 mark managed to hold firm, capping a larger uptrend. However, the 0.8223 region was the January 2012 low as well as catching a lot of the low levels around 2009.

According to William Moore, a Technical Markets Strategist at RBS, "It is also the 161.8% projection level from the 1999 - 2003 rally. There are many reasons why that level should continue to hold and provides a good level for a stop loss above there at the 0.8250 level - downside targets at 0.7959 initially onto 0.7757."
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