good evening from here ... again I post the EURGBP chart and think to myself that tomorrow may be a break of the resistance line, especially if King wants to see the pound weaker.
I am looking for shorts in geppy. We have positive equities into London tomorrow but the 4hour shows signs of reversal at this 23.6 fib level (163-149)
This means risk appetite / positive markets may underpin geppy up until the open of London equities. If US futures are red it can be a good entry point just after the London open.
Therefore not yet time to go short but looking for an entry level.
From the look of it the weekly pivot PP may offer some resistance but lower markets in the US and a penetration of 0.8830 on EURGBP may give it enough momentum through 151.40 on to 150.08 (weekly pivot S1)
I am looking for shorts in geppy. We have positive equities into London tomorrow but the 4hour shows signs of reversal at this 23.6 fib level (163-149)
This means risk appetite / positive markets may underpin geppy up until the open of London equities. If US futures are red it can be a good entry point just after the London open.
Therefore not yet time to go short but looking for an entry level.
From the look of it the weekly pivot PP may offer some resistance but lower markets in the US and a penetration of 0.8830 on EURGBP may give it enough momentum through 151.40 on to 150.08 (weekly pivot S1)