the EUR/GBP on a daily chart (middle )nice harmonic down trend ,although i feel the rest of this week it will be spent on a retrace,next week we will see if it is ready to continue the down trend.
the only thing i dont like is the divergence spotted on the 4hr chart.,(top)this maybe a sign that it is loosing steam ,and it won't be on a down trend for much longer,
-there was a nice deep retrace on this pair,(GBP/JPY/4hr) now it looks like it is going to the up side,its all depend how the news will be interpreted ,
no change expected on the BOE,interest rate decision
macd about to cross,
the 100 day SMA held support,
the only thing i dont like is the divergence spotted on the 4hr chart.,(top)this maybe a sign that it is loosing steam ,and it won't be on a down trend for much longer,
-there was a nice deep retrace on this pair,(GBP/JPY/4hr) now it looks like it is going to the up side,its all depend how the news will be interpreted ,
no change expected on the BOE,interest rate decision
macd about to cross,
the 100 day SMA held support,