EUR/GBP Short Term Outlook
•RES4: 0.74570 (76.4% retracement of 0.7590 and 0.7010)
•RES 3: 0.73835 (Mar 26th High)
•RES 2: 0.7315
•RES 1: 0.7279 (61.8% retracement of 0.7378 and 0.7110)
PRICE: 0.72442 @9:13 GMT
• SUP 1: 0.7240 (200 day 4HMA)
•SUP 2: 0.71964 (50% retracement of 0.7032 and 0.73835)
•SUP 3:0.7170 (20 day HMA
•Sup 4: 0.7116 (Apr 23rd low)
EUR/GBP has broken major resistance 0.7240 (200 day 4HMA) and this confirms a short term bullishness, a jump till 0.7378 cannot be ruled out.
Short term trend reversal only below 0.7170.
Indicator (4 hour chart)
CCI (50) - Buy
Woodies CCI (14) – Buy
Ichimoku-Buy
It is good to buy at dips around 0.7230-35 for the target of 0.7378 with stop around 0.7170.
•RES 3: 0.73835 (Mar 26th High)
•RES 2: 0.7315
•RES 1: 0.7279 (61.8% retracement of 0.7378 and 0.7110)
PRICE: 0.72442 @9:13 GMT
• SUP 1: 0.7240 (200 day 4HMA)
•SUP 2: 0.71964 (50% retracement of 0.7032 and 0.73835)
•SUP 3:0.7170 (20 day HMA
•Sup 4: 0.7116 (Apr 23rd low)
EUR/GBP has broken major resistance 0.7240 (200 day 4HMA) and this confirms a short term bullishness, a jump till 0.7378 cannot be ruled out.
Short term trend reversal only below 0.7170.
Indicator (4 hour chart)
CCI (50) - Buy
Woodies CCI (14) – Buy
Ichimoku-Buy
It is good to buy at dips around 0.7230-35 for the target of 0.7378 with stop around 0.7170.
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