EURGBP is facing bearish pressure from 1st resistance which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push towards 1st support which coincides with -27.2% Fibonacci retracement and 127.2% Fibonacci extension . If prices break through 1st resistance, prices might push up towards 2nd resistance which coincides with 78.6% Fibonacci retracement and 78.6% Fibonacci extension . Ichimoku cloud is also above prices, showing a further bearish pressure for prices.
Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.