EURGBP

Will it go lower? Here's a chart of mine...

.7930 is the monthly open, guess there will be a fight there but it's quite clearly back downtrending at the moment

when i look at the weekly / monthly I find it hard to beleive that it won't want to touch .78 before it reverses but a lot can happen before then.

0.7935 can become reversal point for EURGBP; failed to do so can push it towards 0.7915.

care for bull traps,
I would be very cautious with a long position...

0.7915 should be seen very easily,
check also EUR/NZD - EUR/AUD.

breakout bot is likely.

EURGBP continues facing strong resistance at 100-day SMA region, currently near 0.8030-35 area.
Looking at the Scottish uncertainty, there seems strong possibilities of the pair conquering this resistance and witness some sharp up-move towards 200-day SMA strong resistance near 0.8150-60 zone.

On the H4 chart, a reversal is on-sight by having a harmonic pattern formation. An increase is expected by fueling up the demand.

The pair confirmed a strong closing well above the top of the previous session but also well above the resistance of the inside day at 0,7830 suggesting further possible strength, especially in case of a closing tonight above 0,7860!! The indicators of the daily chart are still well negative but those of the s/t charts are still all positive this morning suggesting further strength. The move up failed yet to form divergences but brought the RSI above the 70% level; instead we have overbought conditions and a potential negative reversal situation with a possible target a 0,7669!! We sold yesterday the position at 0,7940, just below the resistance line that the cross broke on the upside and now is support at 0,7835!!

EURGBP likely to continue following the ascending trend channel that signals the 0.7900 and 0.7850 move of the pair.

On ecan buy EURGBP at around 0.7860 in order to witness the 0.7900 level as the pair continues observing the trend channel formation.

Descending trend-line resistance near 0.7925 is likely to cap the EURGBP up-move, breaking which 0.8000 can't be denied.

I short E/G at 1.7873, and i hope price will reach support channel. What do you think about it?

It is very tempting to sell right now but I plan to wait for Frankfurt open and see where price is. Optimal shorting zone would be around 0.7887/91 although arguments could be made for shorting @ 0.7870 but then your stop loss would be wider and position size smaller to augment for the increased risk. I like 0.7774 area as a take profit target.

Ifo Business Climate for Germany declined more and the EURGBP is expected to continue observing descending trend-line resistance.

Even if the EURGBP breaks 0.7860, the pair is unlikely to rally towards 0.7950 until it breaks 0.7890 resistance levels. Moreover, weaker Euro continue supporting the short trades.

EURGBP likely to head towards 0.7930 and 0.7970.

€/£ stalling @ .618 of 10/15 decline. Also decent horizontal resistance. I'd sell some of that were it not for upcoming news.

Nice for shorting W-Chart....

EURGBP re-testing the horizontal support level, near 0.7930, breaking which 0.7890 can become immediate support for the pair.

Nice! I'm in on the same. I have a trailing stop for part of my trade and target 76 and change for the rest. What are you thinking target wise?

EURGBP testing ascending trend-line support ahead of the important UK GDP, an improving numbers could force the pair to test sub-0.7900 levels.