EUR/GBP is currently trading at 0.8778, down from a high of 0.9025 and up from 0.8765. I would like to predict EURGBP may jumps to 1st resistance level shown in the chart. I prefer to take a LONG position in EURGBP. This analysis is for educational purpose only.
The pound is up for the third day in a row against the yen and broke above a critical resistance level. A consolidation on to of 141.00 would signal more gains ahead. The daily chart favors the upside as long as it holds above 141.00. To the downside, a slide back under 139.50 would point to more weakness ahead.
I observed most ideas are suggesting to SHORT AUDJPY but I feel AUDJPY is rising & better to LONG. This analysis is education purpose only.
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