Eurusd/gbpusd - page 2265
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Eur/Usd is trading almost flat around 1.1400 level, remain in the positive territory but further upside still yet to confirm.
Important news coming this week. I'm bullish on the USD, expecting below 1.13.
The pair short term bounce above 1.29 level, political uncertainty still drives the Pound, 1.3000 appears to be strong resistance.
GBP/USD bounced off from 1.2860 after forming several very telling candlesticks above that level on the four-hour time-frame - namely an inverted hammer candlestick, a hammer candlestick and a doji candlestick. Next target is likely the last high at 1.2926.
GBP/USD not only reached 1.2926 but broke out above that level and reached a high 1.2955 before forming a shooting star candlestick on the one-hour time-frame and bouncing off the aforementioned high. Next target is likely 1.2900 or 1.2890, which is the (MA)89 indicator on the same one-hour time-frame.
GBP/USD bounced off from 1.2910 and moved to the upside, forming a new high at 1.3010. The next high is at 1.3030 and a further move to the upside towards that target is quite likely.
Gbp/Usd is consolidating last week gain around 1.3100 level, immediate resistance at 1.3170, break above would mean further upward trend.
Correction movement before upward trend continues, strong resistance at 1.1490/1.1500. Focus turn to ECB monetary policy decision on Thursday.