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I am expecting a temporary pullback before any further upside movement. The price has reached a key resistance level, marked in red, which has historically acted as a significant barrier. The market has reacted to this level with a rejection, indicating that buyers are struggling to push through at this point
Price on the 1 Hr timeframe broke through the trendline with 2 strong bullish candles. It also bought with momentum off a liquidity zone with a triple bottom pattern forming a upward trendline
GBPJPY is showing signs of bearish momentum, indicating a potential short opportunity. The price is facing strong resistance and struggling to break higher, suggesting a possible reversal
EUR/GBP : π As per my trading style:
As #EURGBP is inside day I will be looking for bullish reversal setups (like a double top pattern, trendline break , and so on...)
rising from its current zone potentially targeting previous highs.
This analysis is solely for educational purposes and does not constitute trading advice. Financial markets can be volatile and involve significant risks. Always consult official sources and consider your own risk tolerance before making trading decisions.
