Following yesterday's dovish BOE comments, EURGBP soared higher and is currently hanging just below the confluence resistance zone (0.7750 -0.7770). Our bia s for resistance to hold is reinforced by the diverging CCI pattern on the hourly chart. As such, we're currently long GBPUSD and GBPCAD at current levels (1.4530 and 1.9970).
Following yesterday's dovish BOE comments, EURGBP soared higher and is currently hanging just below the confluence resistance zone (0.7750 -0.7770). Our bia s for resistance to hold is reinforced by the diverging CCI pattern on the hourly chart. As such, we're currently long GBPUSD and GBPCAD at current levels (1.4530 and 1.9970).