EUR/GBP Long-Term Trend: Bullish
Key Resistance Levels: 0.84755, 0.84809, 0.84862.
Key Support Levels: 0.84618, 0.84487, 0.84000.
The price on the higher time frame found support around the area of confluence made of the support and the 38.20 % Fibonacci retracement level. This could show that the retracement is done it is time for a new impulsive wave toward the next key resistance level.
EUR/GBP Medium-Term Trend: Bullish
On the lower time frame, we can notice that the price failed to break the bespoke support around the 0.84619 GBP mark which led to a buyers control of the market. The price moved higher and we expect this to continue all the way up toward the next key level.
Buy Limit Order @ 0.84623
TP 1 @ 0.84751
TP 2 @ 0.84809
Stop Loss @ 0.84559
Trade Safely 🙂