EURGBP Short

[TareqS]

The pair made a significant bearish breakout in the daily chart. The price may now head towards the South. The level of 0.83600 may hold the price as a level of support.

 

[TareqS]

The pair found its support at 0.84000. Upon producing a bullish reversal candle, it produced two more bullish Marubozu candles. Thus, the buyers may wait for the price to make some bearish corrections in the minor chart and go long at the value area.

 

[ForexTus]

The pair found its support at 0.84000. Upon producing a bullish reversal candle, it produced two more bullish Marubozu candles. Thus, the buyers may wait for the price to make some bearish corrections in the minor chart and go long at the value area.

I agree, i think the buyers will wait for a discount before putting longs in

 

[TareqS]

The price has been bearish upon finding its support at 0.84000. Today's candle may close as a bearish inside bar. If that closes as a bearish inside bar, then the buyers may push the price towards the North further.

 

[TareqS]

The pair looks good for the Bear now in the daily chart. The price has been down trending by obeying a trend line. It may remain bearish until it works as a resistance.

 

[momo3HC]

Interesting Friday candle. Let's see next week action.

 

[ForexTus]

im looking for GBP strength too from seasonals so ill be keeping an eye for sure

 

[TareqS]

The price has been bearish in the H4 chart. It made a breakout and traded below the level. If that level works as a level of resistance and produces a bearish reversal candle, we may see more bearish moves. On the other hand, if the price breaches the level and the level works as a level of support, the price may head towards the North.

 

[TareqS]

The pair made a bearish move. It seems to have found its support at the last swing low. The level may work as a level of support and push the price towards the North. A breakout at the level of 0.84250 may push the price towards the North.

 

[sebking1986]

After seeing a bullish breakout on the daily this looks like a retracement to me which is now at a level I'd want to see a confirmation of bullishness. It has created a low resistance liquidity run to the high from mid June now.