Weekend Analysis – EURGBP: A Quick bounce before another push down
EURGBP retracing from the major rally. We could see a quick bounce before another push down to the completion of the Bullish Bat pattern
EURGBP retracing from the major rally. We could see a quick bounce before another push down to the completion of the Bullish Bat pattern
GBPJPY has been Bearish for months. Consolidating for several weeks and forming an symmetrical Triangle, ready for a breakout.
AUDUSD was in a consolidation mode for weeks and the Harmonic Pattern captured an simple +62pips last week. This coming week is filled with lots of Economic Data, expecting a break out of this consolidation
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EURGBP Started to drop after the the exhaustion seen in the rising wedge. The fall was supported by Bearish Patterns and Resistance Trend Line. Expecting more downside to come in the following week