EUR/GBP chart - Trading View
Technical Analysis: Bias Bullish
GMMA Indicator
- Both major and minor trend are strongly bullish
- Scope for further upside
Ichimoku Analysis
- Price action has broken above daily cloud
- The pair holds support at Tenkan Sen
Oscillators
- Stochs and RSI are sharply higher
- Momentum strongly bullish
Bollinger Bands
- Bollinger bands are widening on the daily charts
- Volatility is high raising scope for large price swings
Summary: As the price rises in a 'Rising Channel' pattern, cloud breakout confirms further gains. Rising volatility and bullish momentum to carry prices higher. Major hurdles align at channel top at 0.92 ahead of 78.6% Fib at 0.9326.
