EUR/GBP has seen an expanding leading diagonal as sub-wave i/, which has been followed by an expanding flat correction that still could move a bit lower into the support area between 0.8770-0.8785 before setting the stage for the next impulsive rally higher to at least 0.8994 and possibly even higher.
Short-term a break above minor resistance at 0.8824 will be a strong indication that sub-wave ii/ has completed and sub-wave iii/ higher to 0.8994 is unfolding.
Relevance up to 07:00 2023-01-27 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
