EURGBP Analysis January 2021

ANALYSIS 29-Jan-2021

MULTI TIMEFRAME ANALYSIS of EURGBP

ANALYSIS 26-Jan-2021

CMP: 0.8885; RES: 0.9083/0.9228/0.9293
As long as the above resistances hold, we will see 0.8798-0.8786, 0.8716-0.8696, 0.8466, 0.8271.

ANALYSIS 22-Jan-2021

CMP 0.8879; SUP: 0.8829; RES: 0.9085

If EURGBP Supported by 0.8829, we can see some corrective rally towards 0.8956-0.8986.

NOTE: Long term still I am bearish as long as 0.9085 holds resistance.

Analysis 20-Jan-2021

EURGBP 0.9031 to 0.8855.

EURGBP is going as per the analysis.

Analysis 15-Jan-2021

CMP: 0.8878; RES: 0.9037

As long as 0.9037 resists, we can see 0.8874-0.8852.

Best Sell Entry: 0.8922-0.8950

Downside targets: 0.8874-0.8852, 0.8840-0.8821, 0.8808-0.8788

Analysis 13-Jan-2021

CMP: 0.8902; RES: 0.8991/0.9085; SUP: 0.8857

As long as the above resistances hold, we will see 0.8807, 0.8743. 

 

Analysis 11-Jan-2021

Latest view.

Analysis 06-Jan-2021

CMP: 0.9031; Res: 0.9228; Sup: 0.8931
Small Res: 0.9055. If this resistance holds, we can some down move towards 0.9001 and can take support of the trendline to reverse back to 0.9055, 0.9080, 0.9115, 0.9141

My Long Term view still bearish.
Sellers SL 0.9231
Best sell entry between 0.9141-0.9200.

Analysis 02-Jan-2021

CMP: 0.8937; Res: 0.9093/0.9229/0.9291; Sup: 0.8267

Based on the Weekly Chart,
EURGBP is trading in a bigger triangle as wave 4.
As per my view, as long as 0.9289/91 resists, we will see bigger fall towards 0.7949-0.7828.

Based on H4 chart, If EG resisted by 0.9093/0.9229/0.9291, we can expect 0.8798 first and further 0.8696. Immediate support is seen at 0.8855.