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Bullish Focus

EURGBP TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 0.8852 50.0% retracement of the Mar ‘20 - Mar ‘22 bear leg
  • RES 3: 0.8762 1.00 proj of the Apr 14 - May 12 - 17 price swing
  • RES 2: 0.8721 High May 26 2021 and Jun 15 / bull trigger
  • RES 1: 0.8662 High Jun 29
  • PRICE: 0.8614 @ 06:14 BST Jun 30
  • SUP 1: 0.8579 20-day EMA
  • SUP 2: 0.8523 50-day EMA
  • SUP 3: 0.8486 Low Jun 9
  • SUP 4: 0.8433 Low May 23

The EURGBP trend needle continues to point north and the cross is holding on to the bulk of its recent gains. MA studies remain in a bull mode condition that clearly highlights an uptrend. The recent breach of resistance at 0.8619, May 12 high, confirmed a resumption of the uptrend. Attention is on 0.8721, the Jun 15 high and the bull trigger. A break would resume the bull trend. Firm support is at the 50-day EMA - it intersects at 0.8523.

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  • RES 4: 0.8852 50.0% retracement of the Mar ‘20 - Mar ‘22 bear leg
  • RES 3: 0.8762 1.00 proj of the Apr 14 - May 12 - 17 price swing
  • RES 2: 0.8721 High May 26 2021 and Jun 15 / bull trigger
  • RES 1: 0.8662 High Jun 29
  • PRICE: 0.8614 @ 06:14 BST Jun 30
  • SUP 1: 0.8579 20-day EMA
  • SUP 2: 0.8523 50-day EMA
  • SUP 3: 0.8486 Low Jun 9
  • SUP 4: 0.8433 Low May 23

The EURGBP trend needle continues to point north and the cross is holding on to the bulk of its recent gains. MA studies remain in a bull mode condition that clearly highlights an uptrend. The recent breach of resistance at 0.8619, May 12 high, confirmed a resumption of the uptrend. Attention is on 0.8721, the Jun 15 high and the bull trigger. A break would resume the bull trend. Firm support is at the 50-day EMA - it intersects at 0.8523.