EUR/GBP Long-Term Trend: Bullish
Key Resistance Levels: 0.8529, 0.8567, 0.8624
Key Support Levels: 0.8456, 0.8389, 0.8317
The price on the higher time frame faced rejection from the downside after a bearish trend and made a sharp reversal. The price then faced another rejection from the 0.8308 level and picked momentum. The resistance level of 0.8458 has been broken and the bullish bias looks strong.
EUR/GBP Medium-Term Trend: Bullish
On the lower time frame, the price is moving in the major trend direction. The pair first broke the resistance of 0.8385 and picked momentum. As of now, the price has had a breakout of the 0.8457 level and continuing the momentum after doing a retest.
Buy Limit Order @ 0.8485
TP 1 @ 0.8524
TP 2 @ 0.8561
Stop Loss @ 0.8447
Trade Safely 🙂