EUR/GBP: bulls are resuming the trend

EUR/GBP: bulls are resuming the trend

Recommendation:

BUY 0.8945

SL 0.889

TP1 0.902 TP2 0.9085

On the daily chart, EUR/GBP keeps forming the invested “Shark” pattern and resuming the uptrend. A break of diagonal resistance and settling above 0.8929 will increase the risks of reaching 88.6% and 113% targets.

EURGBP1.png 

On H1, EUR/GBP after reaching the targets of the reversal pattern “Widening wedge” started an uptrend. A beak of resistance at 0.8945 will be a signal for continuation to the upside towards the targets marked at the senior timeframe.

EURGBP2.png

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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