EURGBP has just entered the weekly .5-.618 fibonacci zone. I think this week is going to start off with a lot of buying of selling of the GBP for profit takers that realized solid gains last week. This is either going to be a bounce off of this fib zone and higher, or it'll come back down and continue down.
Commento:
correction* - a lot of selling of the GBP
Commento:
looks like a break in the steep fall recently. I see a bounce or perhaps some consolidation around the trendline.
Commento:
Here is a better picture of the break
Commento:
still playing the waiting game. I expect upward movement this week.
Commento:
And upward movement we have!