Further Rally In EUR/GBP

Technical Reports

Trading of the cross stays on the upside. Actual lift from 0.8620 is resuming to the cluster resistance of 0.8967. Following pivot points include: (S1) 0.8811; (P) 0.8841; (R1) 0.8876.

Under the minor support of 0.8829, trading will turn up in the neutral position to cause consolidation. Downside should be bounded over 0.8724 support, drawing further rally.

The fall from 0.9305 is a part of consolidation from 0.9304, which could extend further. If firm rally occurs, firm resistance of 0.9304/5 will bound upside. Sustained support from the cluster support of 0.8116 is expected to restrain downside.