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EUR/GBP to Remain Above 0.7750

fxsurprise8 Posted 30 Sep. as Analysis on EUR/GBP, Target: 0.7788, Date: 3rd of November, 12:00 GMT  in #Technical analysis #EU #Ecb #Euro #EUR/GBP #Eurgbp #Sterling #Pound
It's been a tough September for the Euro. The single currency lost over 120 pips against a resurgent Pound. Here's a daily chart that showcases the losses in the EUR.
Let's take a look at the longterm charts. Below you can see a monthly chart. The 2012 low for the EUR/GBP was at 0.7756. I expect this figure to act as support to the currency pair so I'm betting on prices staying above this level during October.
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VictoriaVika avatar
VictoriaVika 5 Oct.

Well done!

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Pound to Stay Wedged Between 1.6950 and 1.7000

fxsurprise8 Posted 28 July as Analysis on GBP/USD, Target: 1.6981, Date: 1st of September, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Sterling #Pound
Sterling has had a rough few weeks. After an impressive rally that saw it gain over 2,000 pips since July of last year, the currency pair faltered and is currently trading 200 pips from the high.
I expect the Pound to stay range bound between 1.6950 and 1.7000 in August. This doesn't mean that we wont get breakouts or breakdowns but I think eventually Sterling will settle within these bounds by August 31st. The 1.7000 area is an important psychological resistance that will put a stop to any pric…
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Pound to Break 5 Year High

fxsurprise8 Posted 22 June as Analysis on GBP/USD, Target: 1.7290, Date: 1st of August, 12:00 GMT  in #Technical analysis #GBP/USD #Bullish #Gbpusd #Sterling #Pound
The Pound made a new 5 year high on Thursday but as the trading week was trading to a close, Sterling was pushed back below the 1.7050 figure. The sharp selloff on Friday may lead to a short term move lower in the currency pair. Here is the price action in gbp/usd during the past few days.
I think the move higher will continue, even if we get a temporary retracement going forward. I expect the 2009 high at 1.7050 to give way in the coming month. Above 1.7050, the next important resistance stands…
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