Take a look at the EURGBP daily - this shows a descending triangle at the end of a larger triangle lasting months. The last few days are a retrace of this descending triangle, forming a 1 and 2 wave, right now starting a 3.
Projections for the EURO are very strong on this chart, especially if break of upper triangle resistance line occurs. This should happen relatively fast. The GBP is at or nearly at a wave 5 peak against the USD, as both will fall to bullish action of the EURO
This is a hypothesis, but the EUR and its crosses are the place to be imho
Projections for the EURO are very strong on this chart, especially if break of upper triangle resistance line occurs. This should happen relatively fast. The GBP is at or nearly at a wave 5 peak against the USD, as both will fall to bullish action of the EURO
This is a hypothesis, but the EUR and its crosses are the place to be imho
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