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EUR/GBP breaks 200 day 4HMA, jump till 0.7380 is possible

  • RES4: 0.74570 (76.4% retracement of 0.7590 and 0.7010)
  • RES 3: 0.73758 (Mar 26th High)

  • RES 2: 0.7315
  • RES 1: 0.7279 (61.8% retracement of 0.7378 and 0.7110)

      PRICE: 0.7243 @9:31 GMT 

  • SUP 1: 0.7240 (200 day 4HMA)
  • SUP 2: 0.71964 (50% retracement of 0.7032 and 0.73835)

  • SUP 3:0.7170 (20 day HMA

  • Sup 4: 0.7116 (Apr 23rd low)

EUR/GBP has broken major resistance 0.7240 (200 day 4HMA) and this confirms a short term bullishness, a jump till 0.7378 cannot be ruled out.

Short term trend reversal only below 0.7170. 

Indicator (4 hour chart)

CCI (50) - Buy

Woodies CCI (14) - Buy

Ichimoku-Buy


It is good to buy at dips around 0.7230-35 for the target of 0.7378 with stop around 0.7170.

 

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