EUR/GBP broke key resistance level 0.8880

EUR/GBP broke key resistance level 0.8880

  • EUR/GBP broke key resistance level 0.8880
  • Next buy target - 0.8970

 

EUR/GBP continues to rise strongly after the earlier breakout of the key resistance level 0.8880 (which stopped earlier waves (i) and i, as can be seen below). The breakout of the resistance level 0.8880 accelerated the active minor impulse wave 3 – which belongs to the medium-term impulse wave (C) from the end of May. EUR/GBP is expected to rise further toward the next buy target at the next resistance level 0.8970.

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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