EUR/GBP: bulls want more

EUR/GBP: bulls want more

Recommendation:

BUY 0.8825

SL 0.8770

TP1 0.8925 TP2 0.894 TP3 0.902

On the daily chart, EUR/GBP keeps consolidating in the 0.8700-0.9015 range. At the same time, there’s a “Spike and kedge” pattern on the basis of 1-2-3. A break of the upper border of the ledge near 0.8850 will increase the odds of realization of 88.6% and 113% targets of the “Shark”. On the other hand, a successful test of support at штурм 0.87 will open the way down. 

 EURGBP1.png

On H1, to continue rising EUR/GBP needs to overcome resistance at 0.8825.

EURGBP2.png

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

Latest news

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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