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Pound Targeting 1.3500?

fxsurprise8 Posted 31 Mag as Analysis on GBP/USD, Target: 1.3434, Date: 3 di Luglio, 12:00 GMT  in #Technical analysis #GBP #USD #GBP/USD #Resistance #Cable #Rally #Retracement #Resistance Zone #UK Election
The Pound could be targeting the 1.3500 round level in June. Exhibit A is the chart below. Notice how after a strong +900 pips rally from the lows the pair is now consolidating. The fact that we're currently quoted less then 200 pips below the highs signals to me that this is just a healthy retracement on the way to more gains. The UK election is coming up soon and that should act as a price catalyst as well.
But what could be our target? The nearest resistance level can be found at the 1.3448 s…
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EUR/GBP to Stabilize in June

fxsurprise8 Posted 31 Mag as Analysis on EUR/GBP, Target: 0.7172, Date: 1 di Luglio, 12:00 GMT  in #Technical analysis #EU #UK #Euro #EUR/GBP #Pound #UK Election
The EUR/GBP had a wild ride in May. With a total monthly range of 428 pips, the pair experiences large volatility, mainly on the back of the UK election.
With that event now out of the way, I expect prices to stabilize going forward. The technical picture too points me in this direction. The 0.7190 level is a 61 percent Fibonacci retracement of the last EUR/GBP move higher (marked on the chart below). This is also not far from Friday's close at 0.7183. I expect this level to put pressure on any …
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