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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Corrective Cycle

EURJPY TECHS

Corrective Bounce

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Bullish Outlook

EURGBP TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.9010 2.0% 10-dma envelope
  • RES 3: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
  • RES 2: 0.8980 High Sep 29
  • RES 1: 0.8974 High Feb 3
  • PRICE: 0.8967 @ 16:19 GMT Feb 3
  • SUP 1: 0.8875/0.8852 Low Feb 2 / High Jan 25
  • SUP 2: 0.8814 20-day EMA
  • SUP 3: 0.8775 50-day EMA
  • SUP 4: 0.8722 Low Jan 19 and a reversal trigger

EURGBP trend conditions are bullish. The cross has cleared resistance at 0.8897, the Jan 13 high and a bull trigger. The clear breach of this level confirms a resumption of the uptrend that started early December last year and has opened 0.8992, a Fibonacci retracement. Note that moving average studies are in a bull-mode position. First key support to watch lies at 0.8814, the 20-day EMA.

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  • RES 4: 0.9010 2.0% 10-dma envelope
  • RES 3: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
  • RES 2: 0.8980 High Sep 29
  • RES 1: 0.8974 High Feb 3
  • PRICE: 0.8967 @ 16:19 GMT Feb 3
  • SUP 1: 0.8875/0.8852 Low Feb 2 / High Jan 25
  • SUP 2: 0.8814 20-day EMA
  • SUP 3: 0.8775 50-day EMA
  • SUP 4: 0.8722 Low Jan 19 and a reversal trigger

EURGBP trend conditions are bullish. The cross has cleared resistance at 0.8897, the Jan 13 high and a bull trigger. The clear breach of this level confirms a resumption of the uptrend that started early December last year and has opened 0.8992, a Fibonacci retracement. Note that moving average studies are in a bull-mode position. First key support to watch lies at 0.8814, the 20-day EMA.