FBS - Analytics


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    EUR/GBP rising inside intermediate impulse wave (3)

    EUR/GBP continues to rise inside the intermediate impulse wave (3), which earlier broke through the two consecutive resistance levels 0.8000 (previous buy target set in our earlier forecast for this currency pair) and 0.8100 (strong resistance level, which stopped the previous primary upward impulse wave Ⓐ at the start of April, as can be seen from the daily EUR/GBP chart below).

    EUR/GBP just broke the resistance trendline of the daily up channel from last November- which adds to the probability the pair will continue to rise toward the next buy target at 0.8500 (forecast price for the completion of wave (3)).


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