Only charts

Gbpusd has rallied since the beginning of the week till 1.3260$ area which is 61.8% fibonnaci level for the fall from .14330$ to 1.14$. The crictical fibonnaci level showed strong resistance for the pair which reversed its weekly rally to get back below 1.31$ handle.  In short term , the pair is still facing further weakness and it is recommended to open short positions anywhere near 1.3140$ area with target 1.2860$ area.

A simple 5min chart showing a very strong trend supported the rally for the pair . From 1.1440 to 1.1610$ Trend broken Fibonnaci levels in work short the pair till 1.1505$

RSI (Relative strength index) is signaling support for the pair as show in below chart. The pair is also still supported with the famous 1.1560$ , which has proven to be the toughest resistance of all time , now turned into support. I am still recommending to buy eurusd for a big rally. Dont close this long trade with loss unless we break below support decisively. Follow me for updates on this trade and more . My twitter handle :@b4borio

Eur/usd found some support after NFP payroll release which gave some strength to the US dollar . The support came at 1.2435$ where 61.8% fibonnaci level for the move from 1.2385$ to 1.2520$ . The pair bounced slightly to 1.2456$ at the time of writing , most probably it is a dead cat bounce and we will continue to fall sharply towards 1.2260$ area.

EUR/USD is currently between resistance at 1.2510$ and support at 1.2485$ . A break below 1.2485$ will open the road to real support at 1.2465$ which is 38% fibonnnaci retracment level while a break above 1.2510$ will clear the way for new highs this probably between 1.2580-1.2625$ area. Keep your eye on those levels and I prefer going short at the moment with exit if we close above 1.2510$