Technically it looks better. But hey, both Central Banks are printing, and I doubt BoE will hike... so maybe GBP is not a lot better. Let's check techs again:
Weekly:
- Ichimoku setup is bearish, but for continuation Price should break and close below 0,6950. If it cant make a lower low in coming weeks, then Tenkan won't be able to cross below Kijun!
- Heikin Ashi is bearish, but haDelta already shows there is some drop in momentum.
- EWO also has some positive divergence
Maybe it double bottoms ard 0,7000?
Daily:
- Bearish Ichimoku, and a steep bearish trendline. This is first support at 0,7025. Next one is Tenkan at 0,7050. Above that a correction could extend to 0,7150-0,7200.
- Heikin Ashi shows third day of consolidation: small, doji-like candles follow each other without a lower low. haDelta is still below zero line.
Honestly, I don't know fundamentally which ccy worth more or less than the other, but technically bearish momentum is dropping and there is some chance for a pull back to 0,7200.
p.s.: maybe time to sell GBPNOK? Pls check other link below on EURNOK.
Weekly:
- Ichimoku setup is bearish, but for continuation Price should break and close below 0,6950. If it cant make a lower low in coming weeks, then Tenkan won't be able to cross below Kijun!
- Heikin Ashi is bearish, but haDelta already shows there is some drop in momentum.
- EWO also has some positive divergence
Maybe it double bottoms ard 0,7000?
Daily:
- Bearish Ichimoku, and a steep bearish trendline. This is first support at 0,7025. Next one is Tenkan at 0,7050. Above that a correction could extend to 0,7150-0,7200.
- Heikin Ashi shows third day of consolidation: small, doji-like candles follow each other without a lower low. haDelta is still below zero line.
Honestly, I don't know fundamentally which ccy worth more or less than the other, but technically bearish momentum is dropping and there is some chance for a pull back to 0,7200.
p.s.: maybe time to sell GBPNOK? Pls check other link below on EURNOK.
