EUR/GBP: Growth Is In Progress

Technical Reports

Trading is on the upside for resistance 0.8939, as the growth extends. Following pivot points include: (S1) 0.8848; (P) 0.8880; (R1) 0.8935.

Overcoming of resistance 0.8939 will extend the growth from 0.8665 to resistance 0.9098. Trading below minor support 0.8824 will become neutral for consolidation.

The cross remains inside of a long term diapason pattern from 0.9304. In case of another rally, sustained resistance from 0.9304/5 might bound upside. As fall from 0.9303 extends, downside should be contained by 0.8116 cluster support, 50% retracement of 0.6935 to 0.9304 at 0.8120.