EUR/GBP Long-Term Trend: Bullish
Key Resistance Levels: 0.8482, 0.8534, 0.8575
Key Support Levels: 0.8374, 0.8325, 0.8267
The price on the higher time frame has been trading in a range for months and after facing a rejection from the downside recently the price picked up momentum. We see that the upper range has been broken and we should expect further move in the direction.
EUR/GBP Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The pair has formed higher highs and there is a trendline that is being respected. We saw a breakout of a minor resistance level and the price has done a retest of that level before continuing the trend.
Buy Limit Order @ 0.8429
TP 1 @ 0.8474
TP 2 @ 0.8519
Stop Loss @ 0.8384
Trade Safely 🙂