From a weekly standpoint EURGBP seems to be looking to be headed to the upside from my analysis. It has bounced of the 0.82850 price 3 times previously which acted as a strong support and in recent weeks has broken the 0.84800 price, rallied to 0.87300 and has retraced back to the 0.84800 range and is looking to ultimately head up to the 0.89000 price which has...
Clear W formation on the 4HR for USDZAR. Will it complete and the pattern and push to the upside possibly hitting the 14.30 -14.35 range or will it push down and break the 13.95 range of support? If the bullish bias is kept we would be expecting a reaction around the 14.32 range of major support to plan the next move. TP 1 on the current setup it set at 14.16 -...
