EURGBP Weekly Technical Analysis (15-19 June,2015) | June 13, 2015

Eurgbp has rejected again from resistance level of 0.7385. From that area, this pair is falling continuously. Next target for this pair is 0.7130 level. We can sell on this pair from near term resistance level. 0.7270 is near term selling zone for this pair. On weekly chart, we can see rejection pin bar on this pair. So it is indicating sell signal. For taking sell on this pair we can wait for confirmation on h1 time frame and then we can enter sell and target will be 50-100 pips.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7463

Resistance One (R1): 0.7348

Pivot Point: 0.7271

Support One (S1): 0.7156

Support Two (S2): 0.7079