Technical Analysis – EURGBP in a sideways tone; still bearish in medium-term

EURGBP has been moving sideways since the soft rebound on the 1-month low of 0.8680 on April 14, unable to fully recover losses made earlier in March. In the short-term, the market could maintain consolidation if the RSI keeps moving around 50 and the red Tenkan-sen line, as well as the blue Kijun-sen line, hold flat. Regarding the trend, […]