EUR/GBP: bulls control the situation

EUR/GBP: bulls control the situation


BUY 0.8905

SL 0.885

TP1 0.8965 TP2 0.9005 TP3 0.92

On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation. Bulls are going to continue the upward movement to the 161.8% target of the AB=CD pattern.


On H1, there is the “Spike and reversal with acceleration” pattern. Bulls control the situation. That’s why rebounds from important support levels should be used for buying.



USD/JPY took a blow

USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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