EUR/GBP Long-Term Trend: Bullish
Key Resistance Levels: 0.83454, 0.83970, 0.84000.
Key Support Levels: 0.83086, 0.82711, 0.82312.
Daily Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside and rebounded above the strong support level around the 0.83176 GBP mark. This shows that the buyers are in control and might move the price upward toward the next key resistance level.
EUR/GBP Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 0.83089
Target Profit 1 @ 0.83454
Target Profit 2 @ 0.83970
Stop Loss @ 0.82723
Trade Safely 🙂