GBP/USD topped exactly at strong resistance at 1.3835/45.
EUR/GBP bottomed exactly at the next downside target and support at 8500/8490.
Today’s Analysis
GBP/USD meets strong resistance a little higher at 1.3860/70 today. Bulls need a break above 1.3885 to target 1.3940/50.
Holding resistance at 1.3835/45 targets 1.3820/00 with support at 1.3785/75.
EUR/GBP holding the next downside target of 8500/8490 so far last week. Obviously this is today’s support level. A break below 8475 however risks a slide to 8450/40.
First resistance at 8565/75. Bulls need a break above 8585.
Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.