EUR/GBP reversed from resistance zone

EUR/GBP reversed from resistance zone

  • EUR/GBP reversed from resistance zone
  • Next sell target - 0.8900

EUR/GBP recently reversed down from resistance zone lying between the powerful resistance level 0.8960 (which has been reversing all upward impulse from last November, as can be seen from the daily EUR/GBP chart below) and the upper daily Bollinger Band. EUR/GBP is expected to fall further toward the next sell target at the next support level 0.8900 (former strong resistance from the start of July).

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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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