EUR/GBP SHORT 0.84000

19 Nis 2018

AFTER A LONG PERIOD OF RANGING PRICE HAS CLOSED BELOW THE MONTHLY M/A. I KNOW PREDICT FOR PRICE TO HEAD DOWN TO THE 38.2 FIB WHICH IS AROUND THE 0.84000 AREA. THIS ALSO LINES UP WITH THE NEXT MAJOR SUPPORT REGION. AS BREXIT NEGOTIATIONS ARE PROGRESSING I SEE STERLING STRENGTHENING IN THIS PAIR. THE EURO ALSO SEEMS TO BE GETTING EXHAUSTED ACROSS THE MAJORS AS ECONOMIC DATA OF LATE HAS BEEN DISAPPOINTING.