EUR/GBP has broken Psychological 0.750 and target of 0.7396 cannot be ruled out.
The pair’s minor resistance is around 0.75435 and break above will take the pair to 0.7605/0.7630.
Short term trend reversal only above 0.7630.On the downside minor support is around 0.7490 and break below will target 0.7396/0.7256 (61.8% retracement of 0.5676 and 0.9813).
Indicators (Daily chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell EUR/GBP around 0.7545, SL 0.7605, Targets 0.7401.
The pair’s minor resistance is around 0.75435 and break above will take the pair to 0.7605/0.7630.
Short term trend reversal only above 0.7630.On the downside minor support is around 0.7490 and break below will target 0.7396/0.7256 (61.8% retracement of 0.5676 and 0.9813).
Indicators (Daily chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell EUR/GBP around 0.7545, SL 0.7605, Targets 0.7401.
