Ransquawk

Since the beginning of December 2015 EURGBP moved in strong uptrend. Short correction which started one month ago probably was finished. New 16-months high confirms that correction was ended. If price keeps standing above 0.7910 next important resistances will be located at 0.8000 and 0.8150 (strong resistance and long term downtrend line which connects highs since January 2009 coincide in this area). Alternatively if current level breaks and new wave of declines occurs nearest supports will be located at 0.7860, 0.7800, 0.7770, 0.7700.

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Time-frame H4

EURGBP_H4

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