CapMoore

Strong rejection at 0,80 level may take price lower

FX:EURGBP   Euro Fx/British Pound
65 1 2
2 weeks ago price made a strong move up just to pierce
the Kijou sen (white line) and be strongly rejected. This is
a bearish sign. Last week price continued down. Thus
the LT             trendline around the 61,8 fib of large CD leg on
monthly, still looks as a medium term target even if price
failed to create a new low in late sep.
We appear to be fighting a significant support area atm (https://www.tradingview.com/x/KjdYSkDq/), I'd be interested to hear your thoughts. Thx for the chart
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