GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
OILEX LD ORD NPV, UK OIL & GAS PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
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US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
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Buy on close above 1324.30
Targets are as follows,
4 HR CLOSE BELOW 8400 SELL WITH 1000 POINT TARGET
What next for EUR/GBP ?
The Correction to the High achieved in December 2008 ended in July 2015.
Wave 1 of the new move upwards ended in October 2016 and was followed by a Corrective Wave 2 move downwards to a Fibonacci Re-Tracement level of 0.618.
This Corrective move also agreed with the end of sub wave 4 of the previous move upwards.
I now expect the ...
ABC Pattern on USD/JPY.
Buy at 115.52 with Stop at 108.09
A Sell trade is developing in EUR/JPY.
My suggestion is as follows:-
Sell at 121.83 with a Stop level of 122.93
The First Target is 114.85
The Second Target is 109.95