This week was good to leave EURUSD out, as I mentioned last week and the weekly chart now confirmed the bullish reversal. Also EURGBP confirmed the bullish cypher pattern and should keep climbing up next week. Thats why I wouldn’t buy GBPUSD and just focus on Euro next week. We have ECB on thursday, so before that it might be the time to look for long entries, but the main move will most likely happen on thursday or friday, anyway. The current support zones on the hourly chart are 1620 and a very strong one around 1580. Even if both break next week, I think buying the dips into the ECB meeting is the best thing to do. My bullish targets are 1720 and 1820.
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