EURGBP Forecast January 16-20

Long, still looking up. There should not be any meaningful resistance from here until 0.9000 area where price might go sideways.

This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.

If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look my my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.

Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.

Comment:

Tuesday

Still up, the 0.8767 resistance could be tested again today before the final upmove.

Comment:

0.8767 resistance turned support

Comment:

Wednesday

Technically this was a break of support, but like most GBP pairs, we don't know if this is a squeeze or a trend change, I want to see that 0.8660 resistance tested today. If it fails I would close all long positions.

Comment:

Thursday

Trend change confirmed, start shorting to supports.

Comment:

Friday

More downside to come.