(0,8130) EUR/GBP confirmed a weak yearly closing but the monthly one was positive, however just by a few pips. The weekly closing was strong last Friday above the top of the previous week. The last few daily closing were however negative suggesting further s/t pressure toward the support line at 0,8060. The indicators of the daily chart are negative as well as those of the monthly one; the indicators of the weekly chart are instead above the line. The indicators of the s/t charts are starting the new year with a mixed picture suggesting some consolidation. The tone could however be negative in the s/ suggesting further weakness. Possible rebounds should find resistance at the 200 hours line, now at 0,8163! We stay on the sideline.
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Future Trend Research