Looking at Buy opportunities in 2017.
Might pull back from the trendline, but hoping to reach 0.97462
Only looking at short positions below 1.2615 with targets at 1.2500. Above 1.2615 look for further upside with 1.2655 and 1.2675 as targets. Planing to go short at open.
There is no sign of bottoming yet on the EURGBP in my opinion. Initial bias stays on the downside in the next couple of weeks. My target is 0.81635. The target price is positioned nearby a major down (monthly) trendline (A), a weekly up trendline (B), as well as a major support level at 0.81159.