This month we have seen major bearish moves on EURGBP of the 0.88062 Zone, with the pair taking away its bullish momentum the monthly candle is looking to close as an shooting star.
Anticipating a continuation of this bearish move this week if we manage to remain below 0.86 monthly resistance zone.
If daily resistance holds at 0.85361 i will be looking for shorts within downside target @ 0.84 zone ( monthly support zone)
However if If daily resistance does not hold at 0.85361 and monthly resistance @ 0.86 zone is broken anticipating an bullish move towards 0.87046
Anticipating a continuation of this bearish move this week if we manage to remain below 0.86 monthly resistance zone.
If daily resistance holds at 0.85361 i will be looking for shorts within downside target @ 0.84 zone ( monthly support zone)
However if If daily resistance does not hold at 0.85361 and monthly resistance @ 0.86 zone is broken anticipating an bullish move towards 0.87046
Comment:
0.86 resistance zone failed to be broken with price closing above, the bullish move continues for the pair towards Downside Target 1.