EUR/GBP chart - Trading View
Technical Analysis: Bias Bullish
GMMA Indicator
- Major trend is bullish and minor trend is turning bullish on the daily charts
- On the weekly charts, major and minor trend are bullish
Ichimoku Analysis
- Price action is above cloud on the daily and weekly charts
- Chikou span is biased higher, suggesting continuation of uptrend
Oscillators
- Stochs and RSI are biased higher, RSI is above 50 suggesting strength in uptrend
Bollinger Bands
- Bollinger bands are wide suggesting strong volatility
Major Support Levels: 0.9120 (20-DMA), 0.9060 (55-EMA), 0.8993 (110-EMA)
Major Resistance Levels: 0.9175 (June 29 high), 0.9291 (Sept 11 high), 0.9340 (trendline)
Summary: Technical studies support further gains in the pair. Price action is extending bounce off cloud support. Scope for test of trendline resistance at 0.9340.
