British Pound Sterling gained last week against major currencies as positive headlines on Brexit negotiations start to trickle. The chart below shows the gain of Pound Sterling against some major currencies: One of the positive developments came from the European Union’s softening stance on fishing rights. Fishing has been one of the two main stumbling […]
EURGBP : Trading the Rally Higher
Since the start of May 2020 we at ElliottWave-Forecast have been advising our members that the EURGBP pair was going to rally higher. I published an article in May 2020 and another article start of June 2020 calling for the EURGBP move higher. On June 9 2020 I posted on social media Stocktwits/Twitter @AidanFX “Added 2nd […]
EURGBP Resume Higher After Buyers Appear At Blue Box Area
In this blog, we are going to take a look at the Elliott Wave chart of EURGBP. The 1 hour London chart update from June 25, 2020 shows that the pair has ended the cycle from June 9 low in wave 1 at 0.9078 high. The rally unfolded as 5 waves impulse Elliott Wave Structure. […]
Bullish Sequence in EURGBP Favors More Upside
Pound Sterling declined against a basket of currencies last week after a series of negative news. First of all, Bank of England (BOE) decided to increase quantitative easing by £100BN, putting pressure to Pound Sterling. Secondly, the deadlock in EU and UK trade negotiations over Brexit would likely persist until the year-end. Then finally, Bank of […]
