EUR/GBP: GBP gains momentum
Read the article on FBS website
Recommendation:
SELL 0.881
SL 0.8865
TP1 0.871 TP2 0.866 TP3 0.86
On the daily chart of EUR/GBP, bulls couldn’t break the resistance at 0.891. Only after the successful retest, they can hope for the implementation of “Bat” and “Wolfe waves” patterns. Until then, bears are stronger. They are going to retest the October low and implement the AB=CD pattern.
On H1, a rebound from the upper boundary of the downward channel will let bears continue the sharp decline to 113% and 127.2% targets of “Shark” and AB=CD patterns.
