In the 'coming bedtime for GBP' - related idea, I have expected an upside pressure which is here. 'Near the resistance' - idea, I forecasted a stop in the rising. EURGBP has been moving sideways from that time and the q. is what's next.
Although it trades above wave B with five-wave impulse, but the structure seems complete, that's why I expect to see a declining correction which should be high low around 0.8925, on the other hand, if trade below 0.8860 then the 0.88 could serve a good support zone.
Wait for the signs
Although it trades above wave B with five-wave impulse, but the structure seems complete, that's why I expect to see a declining correction which should be high low around 0.8925, on the other hand, if trade below 0.8860 then the 0.88 could serve a good support zone.
Wait for the signs
