EURGBP BEARISH CONTINUATION ?

Jan 31, 2022

EURGBP is still very much bearish and is in a critical zone. This is a potential liquidity zone if we examine the charts from the daily time frame (0.8300), a level that has been protected for 23 months. Smart money will be very keen on taking Sell side Liquidity to activate stops at this level. We are anticipating a big flush to the downside, however if there’s enough bullish momentum, we may see a bullish reversal from this point. We are currently paying attention to price action around this level to see what the market is deciding to do from the lower time frame.