Nice level of support, opening session today may determine where this pushes, limited fundamental news right now, 500 pip long if price action is correct. It may long up to 1.29, then consolidate then if buyers come through strong then an easy 500 pip move, more GBP strength could see it push high. On the weekly the 500 pip target is a zone thats been hit during 2...
Possible long, could reject support and push up to 18.71 which is a neckline, that would confirm a long up to 19.59 although it could bull up to 19.79 at the 0.618 trend based fib extension point, further it could break up to 0.786 based on the long term uptrend it's following. It's an exotic pair so a long term hold would be costly on swap fees. It may form a...
Eurnzd could reject resistance if so we could see it follow a new uptrend up to 0.618 fib. Aiming for 1.73, around 300 pips to gain there, although it may form a consistent uptrend meaning it could go even higher, plus it’ll go up a lot, then drop a bit then go up a lot again, if it does this I’ll look for another entry once it dropped, this would be risking more...
EURGBP possible long, waiting for it to hit the bank zone for the 4th time, break up, then drop down again, then form a long term buy up to 0.89-0.9, this is a past level of resistance that dates back into 2018, also at the 0.786 level of fib retracement, which is a good sign. GBP is likely to be weak from Brexit fundamental news which will help push this up,...
