Wednesday, May 6, 2015
The EURGBP is very stretched at this point and the 5 wave rally accompanied by RSI divergence is sending a strong signal that a nice pullback of 100+ pips is coming very soon. I'm targeting the 7300 area since that's just below the previous 4th wave and also round number support.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.