EUR/GBP chart - Trading View
Technical Analysis: Bias Bullish
GMMA Indicator:
- Major Trend: Turning Bullish
- Minor Trend: Strongly Bullish
Ichimoku Analysis:
- Price action is attempting breakout of daily cloud
- Bullish Tenkan Sen crossover over Kijun Sen
Oscillators:
- RSI is above 60 with room to run further
- Stochs are in overbought zone, but no major signs of reversal seen, momentum bullish
Bollinger Bands:
- Bollinger Bands are widening on the daily charts
- Price action is above major moving averages and rising volatility could take the pair higher
High/Low:
- Previous Week High/Low - 0.8939/ 0.8706
- Previous Session High/Low - 0.8939/ 0.8826
Major Support Levels: 0.8879 (5-DMA), 0.8804 (21-EMA), 0.8770 (55-EMA)
Major Resistance Levels: 0.8959 (Cloud top), 0.8987 (38.2% Fib), 0.9085 (50% Fib)
Summary: EUR/GBP has ended consolidation along 200-DMA and has entered into a bull phase. Momentum with the bulls. Price action is hovering around cloud top and breakout above will see jump till 50% Fib retracement at 0.9085.
