Update: Targets Remains Intact | $EUR $GBP $USD #ECB #BOE #Forex

FX:EURGBP   Euro Fx/British Pound
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Yesterday we offered the following two BULLISH targets (see analysis and forecast here: https://www.tradingview.com/v/TbLq0Qep/). Despite significant BEARISH fundamental and technical changes in other majors ( $USDJPY             ), the $EURGBP has remained quite resilient and continues to lean towards our targets overhead.

At this point, a structural break would add further credence to the analysis shown in the link, although there has not been any change in the predictive analysis of any concern to cause a revision.


David Alcindor
Predictive Analysis & Market Forecasting
- TradingView.com Moderator, Alias: 4xForecaster

PS: If you liked the analysis, feel free to give it a "Thumb Up" and share with friends and colleagues interested in the market. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark ), or other well known patterns. However, we concentrate mainly on Shark , 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.

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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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In the light of Gov Carney's remarks yesterday and the fact that the EUR is at the top of its channel vs GBP I would think that there was at least a 50:50 chance of a bearish outcome. Daily close above .8380 would be bullish but I am inclined to think .8250 more likely.
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