Horuly analysis

The primary trend of EUR/GBP is bearish on charts and price is taking resistance of the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.

Resistance level of 0.7055 and support level of 0.6975

If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.



INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: EUR/GBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

I believe there is a great probability that price is going to Break the bearish trend and rise. There is an important Support in that region if you see on the daily chart & price is refusing to go down.



GBP/AUD levels

The secondary trend of GBP/AUD is bullish on charts and price is sustaining above the trend line after breakout in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

Resistance level 2.1045 and support level 2.0705.
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.


INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions.