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Eurusd/gbpusd - page 2261

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The pair's bouncing movement shows how anxious the market is before Thursday two major events which include the UK election and ECB monetary policy meeting. No clear direction for now, break out needed.
Cable rise up to around 1.296 level, risk remains on the upside, next resistance level located at 1.3000. With UK election today, the result and market reaction towards it are unpredictable. I would be very cautions.
csc2009:
Cable rise up to around 1.296 level, risk remains on the upside, next resistance level located at 1.3000. With UK election today, the result and market reaction towards it are unpredictable. I would be very cautions.
GBP/USD is testing the support at 1.2920 and a breakout below that level is quite possible, but nothing is certain until the results of the general election in the UK come out later today.
Expecting a move down this week. Probably to 1.1070.
Eur/Usd has a small gap up above 1.120 level in H4 chart.
Pound seems stabilise around 1.274 level after sharp drop from Friday, but with political uncertainty and the UK's weaken position in soon-to-start Brexit negotiation, the pair will likely to continue its downward trend.
For now GBP/USD remains very bearish and it will likely test once again the last low it reached after the election at 1.2634.
EUR/USD continues consolidating sideways, as it is evident on the daily time-frame. A breakout above 1.1230 will likely lead to a further move to the upside towards 1.1280 again.
GBP/USD did retest the support at 1.2634 and formed a double bottom at that level before bouncing off from it. Next target is likely at 1.2750 - 1.2760.
Gbp/Usd is back to 1.2730/40 zone after UK's jobless rate stay unchanged, risk remains on the downside. 1.263 act as next support level, break below could lead to further decline.
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