EURGBP, Monthly
EURGBP Monthly chart bullish momentum continues to dominate. Current price is higher by around +110 pips since my Jan 11 2016 EURGBP, update.
My monthly chart targets remain for a test of the October 2008 lows (0.7700), currently around 128 pips from current market price (at the time of writing), while the extended price target remains at the measured move near the July 15 (Low) – Oct 15 (High) Fibo 161.8 expansion 0.7860. This is currently around 228 pips away from current market price.
Janne Muta
Chief Market Analyst
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About Janne Muta, HotForex’s Chief Market Analyst
Janne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.
Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.
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