EUR/GBP: euro and pound are pulling the rope

EUR/GBP: euro and pound are pulling the rope

Recommendations:

BUY 0.8905 SL 0.8850 TP1 0.8975 TP2 0.9015

SELL 0.8855 SL 0.8910 TP1 0.8785 TP2 0.8695

On the daily chart, EUR/GBP keeps long-term consolidation in the 0.8695-0.9015 range. Until the pair gets out from the narrow range, traders should focus on strategies with small targets.  

EURGBP1.png 

On H1, to continue the rally EUR/GBP bulls should conquer resistance at 0.8905 and return the pair inside the uptrend channel. On the other hand, a decline of the euro below support at 0.8855 will increase the risk of the pair going to 88.6% target of the “Shark” pattern.

EURGBP2.png

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cad
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Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are reached the main daily resistance on 111.50 and the market is overbought now.

jpy

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