London Open bringing the PUMPS for EG??

12 באוק׳ 2023

EUR/GBP has been traveling down a Falling Resistance pretty tightly since Oct. 3rd and has met up with our Rising Support created by the lows on Aug. 23rd and Sept. 6th bringing us to a pinch of a Pennant right before London Session!

-Fundamentally GBP had an onslaught of negative news including the GDP so for EUR/GBP, my bias will be BULLISH!!

-Supplementing my Bullish bias is the appearance of what looks to be a STRONG Divergence with price on the RSI!

-Bullish Prediction
*Price must Break and Close above the Falling Resistance

12 באוק׳ 2023

הערה

All London Open did was give us a False Break!!

Price is back in the Pennant Pattern