December has been a very good month for Gbp, with the currency gaining in almost all pairs and in EurGbp's case gaining around 250 pips. At this moment the pair is approaching very strong support and we can have at least a correction from that point I'm looking to buy this pair and with a target of around 0.8450 A break of support would negate this scenario
That support structure has been violated and retested for to days so the structure is now a resistance and we going for a long term bearish movement to 0.786
KaisMarket
⋅
Same idea 😃
popularToucan61710
⋅
Do you expect that the bearish movement to the resistance will happen without any correction?
ForexTrendline
⋅
I agree with your idea!
VasilyTrader
⋅
Great charting style, thank you!
JoeChampion
⋅
yes, my thoughts are going on the same direction!
JustTradeSignals
⋅
once again a clear and spot-on analysis! Thanks for sharing!