FX.co ★ Technical Analysis of Intraday Price Movement of EUR/GBP Cross Currency Pairs,Thursday January 18 2024.

On the 4-hour chart of the EUR/GBP cross currency pair you can see the appearance of a deviation pattern between price movements and the MACD indicator and the appearance of the Ichimoku Projection Y Wave pattern so that in the near future EUR/GBP is predicted to strengthen where the level of 0.8619 will be the target to be aimed at and if the level If this is successfully penetrated, the 0.8635 level will be the second target to be aimed at, but this strengthening scenario will become invalid if on its way to the target level, a weakening correction suddenly occurs which penetrates below the 0.8568 level.

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