Forecasts of EUR/GBP

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EUR/GBP U-Shaped Bottom Hints Potential Bullish Continuation
EUR/GBP U-Shaped Bottom Hints Potential Bullish Continuation
Source: Admiral Markets MT5 with MT5SE Add-onThe EUR/GBP has broken through the descending trendline and we can see a potential for bullish continuation. Another cue is the U-shaped bottom that has been formed exactly at W L3 support. 0.8688-98 is the POC zone for potential bounces. Targets are 0.87...
1
EUR/GBP Indecision Between Trend Line Diagonals
EUR/GBP Indecision Between Trend Line Diagonals
Source: Admiral Markets MT5 with MT5SE Add-onThe EUR/GBP has been trapped within the narrow range of W L3 and W H3 Pivot. Slow price action indicates that we might expect a breakout when volatility gets higher. At this point, the price is stalling between the two trend line diagonals that also inter...
1
Pound may surge on 2nd referendum
The British pound may soon hit $1.40 as expectations grow that a 2nd referendum will be held on whether Britain will remain in the European Union with the chances of a reversal in decision of the previous referendum a distinct possibility. Many analysts believe that if a second referendum is announc...
1
EURGBP Lower High - Lower Low Swings Show a Potential Breakout
EURGBP Lower High - Lower Low Swings Show a Potential Breakout
The EUR/GBP has been in a zig-zag mode, making lower highs and lower lows that qualify for a downtrend. D L3 camarilla pivot has established a support but still, the breakout is possible. In the case of breakout below the D L3 support a break below 0.8805 potentially targets 0.8785, 0.8764 and 0.875...
4
EUR/GBP Strong Marubozu Candle Cues for Continuation
EUR/GBP Strong Marubozu Candle Cues for Continuation
The EUR/GBP has recently made an upside breakout from the PPR channel, signaled by a strong Marubozu candle that could provide a continuation of uptrend towards 0.8950 and 0.8980. However, traders need to pay attention towards possible retracement as I showed in High Volatility trading video that is...
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