EUR/GBP Bullish as Dovish BOE Inflation Report Supports

        0127 GMT [Dow Jones] EUR/GBP is likely to trade in a higher range Friday, supported by the continued impact from Wednesday's dovish Bank of England quarterly inflation report. The daily chart is positive-biased as the MACD and slow stochastic indicators are bullish, while the five-day moving average is above the 15-day moving average and advancing. Resistance is at 0.7981 (Oct. 17 high); a breach would target 0.8027 (Oct. 16 high), then 0.8046 (Oct. 15 reaction high). Support is at 0.7878 (Thursday's low), then at 0.7794 (Wednesday's low). Spot EUR/GBP is at 0.7942. (jerry.tan@wsj.com)
        (END) Dow Jones Newswires

        November 13, 2014 20:27 ET (01:27 GMT)