Comments on: EUR/GBP: Still capped below .8600; Carney taking over today https://fxww.com/eurgbp-still-capped-below-8600-carney-taking-over-today/ The Professional Source Mon, 01 Jul 2013 06:00:07 +0000 hourly 1 By: Sean Lee https://fxww.com/eurgbp-still-capped-below-8600-carney-taking-over-today/#comment-24229 Mon, 01 Jul 2013 06:00:07 +0000 http://381c099c8f.nxcli.net/?p=9082#comment-24229 I’m not sure why I’ve become so bullish GBP over last few weeks but somethg is screaming at me that its totally undervalued, esp against EUR. I think cross will fall to 75 in coming months

]]> By: Lam-Son https://fxww.com/eurgbp-still-capped-below-8600-carney-taking-over-today/#comment-24228 Mon, 01 Jul 2013 05:58:04 +0000 http://381c099c8f.nxcli.net/?p=9082#comment-24228 Yes, the wedge would end up at 8600. But rising wedge means we’ll have a fresh new downtrend from 8600 no matter we had an uptrend or a downtrend before the wedge. Does it match the bias you developed for this pair recently?

]]> By: Sean Lee https://fxww.com/eurgbp-still-capped-below-8600-carney-taking-over-today/#comment-24225 Mon, 01 Jul 2013 05:46:41 +0000 http://381c099c8f.nxcli.net/?p=9082#comment-24225 I’d tend to agree with you there Lam-Son, if it breaks cleanly above 8600, maybe even daily close above, could send it on a sprint higher?

]]> By: Lam-Son https://fxww.com/eurgbp-still-capped-below-8600-carney-taking-over-today/#comment-24223 Mon, 01 Jul 2013 05:40:48 +0000 http://381c099c8f.nxcli.net/?p=9082#comment-24223 Hi Sean,

Do we have a rising wedge formation of the daily chart of this pair? I trend to see it that way but I would like to have your opinion here.

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