TipTVFinance

EUR/GBP - Possible Cypher set up ahead of June referendum

FX_IDC:EURGBP   Euro / British Pound
Brexit referendum is scheduled on June 23. There is every possibility that Brexit fears rise as we move closer to referendum date. In such a case, EUR/GBP             could rise owing to broad based GBP sell-off.

A Potential Cypher pattern on the daily chart shows the leg D could end at 0.80 levels. As long as the daily candle does not close below 0.7586, the pattern remains valid. Leg C has reached 1.21, but the candle hasn't closed below 1.44.

On the way higher 0.78 is likely to act as a strong resistance.

Further losses are likely if the daily candle sees a close below 0.7586, in which case area around 0.7350-0.74 stands exposed (due to head and shoulder breakout).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out