Analysis of the EURGBP Currency Pair for 23.01.2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

23.01.2026.     

EURGBP

       The trend is bullish. The currency pair is trading within the range of the 365 and 135 EMAs on the H1 timeframe. The bearish wave structure is truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading Idea:

Buy on the formation of a bullish wave structure, where wave (A) breaks the descending channel of the truncated bearish structure.

Stop Loss: below the local low of the truncated bearish structure

Target levels: 0.8720; 0.8732.