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EUR/GBP is trading well above ichimoku cloud, jump till 0.7450 is possible

RES4: 0.7590 (Feb 3rd high) RES 3: 0.7509 RES 2: 0.74570 (76.4% retracement of 0.7590 and 0.7010) RES 1: 0.7420 (May 1st high) PRICE: 0.73714 @11:44 GMT SUP 1: 0.7358 (34 day H EMA) SUP 2: 0.7332 (55 day H EMA) SUP 3:0.7…

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  • RES4: 0.7590 (Feb 3rd high)
  • RES 3: 0.7509

  • RES 2: 0.74570 (76.4% retracement of 0.7590 and 0.7010)
  • RES 1: 0.7420 (May 1st high)

      PRICE: 0.73714 @11:44 GMT 

  • SUP 1: 0.7358 (34 day H EMA)
  • SUP 2: 0.7332 (55 day H EMA)

  • SUP 3:0.7301 (38.2% retracement of 0.7117 and 0.7417)

  • Sup 4: 0.7250 (Cloud bottom)

EUR/GBP has retreated after making a high of 0.7418. Overall trend is bullish as long as support 0.7300 holds.

On the downside break below will target 0.7250/0.7209 (200 day HMA)

Indicator (1 hour chart)

CCI (50) - Buy

CCI (14) -Sell

Ichimoku-Buy


It is good to buy at dips around 0.7350 for the target of 0.7450 with stop around 0.7290.

 

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