EUR/GBP is currently trading at 0.8778, down from a high of 0.9025 and up from 0.8765.
I would like to predict EURGBP may jumps to 1st resistance level shown in the chart.
I prefer to take a LONG position in EURGBP.
This analysis is for educational purpose only.
The pound is up for the third day in a row against the yen and broke above a critical resistance level. A consolidation on to of 141.00 would signal more gains ahead.
The daily chart favors the upside as long as it holds above 141.00.
To the downside, a slide back under 139.50 would point to more weakness ahead.
Long BNPParibas. The stock tested demand zone & rising. Good opportunity to take Long position. Study the chart. This analysis is educational purpose only.