EURGBP recently reversed down from the resistance zone lying between the resistance level 0.8850 (which stopped the previous correction (ii) at the start of April) and the 38.2% Fibonacci retracement of the previous downward impulse from March.
The downward reversal from this resistance area stopped the previous short-term impulse sequence (i).
EURGBP is expected to fall further toward the next support level 0.8680 (low of the previous corrective wave (2)).
- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…
- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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