EUR/GBP

Will probably join in on a test of circa .8500

Ive added to my long from earlier as a more distinctive 123 low breakout has happened and now it looks like its re-testing this intra day.

dl.dropboxusercontent.com/u/4899609/eurgbp23rdoct.png

Possible 123 low breakout??


dl.dropboxusercontent.com/u/4899609/eurgbp9thoct.png

Possible 123 low forming??
Long above 0.8475 with tight stops
Stops should be below 2 point if this activates

dl.dropboxusercontent.com/u/4899609/eurgbp24thsept.png

I'd only expect it to backtest the trendline around the 8530-40 level though as it looks to me as if it's heading to the 61.8% Fib where there's also support from a previous high in Oct 2012 at 8161

I reckon you could be spot on Jackozy.......


dl.dropboxusercontent.com/u/7238706/EUR_GBP.png

....though there is a possible at 0.82251 from last December, which is in the target area between 50 & 61.8%

Thats the thing with trend lines..once they break the moves can be powerful