EUR/GBP may rise 15 - 23 pips

0.8439 is our pivot point.

Our preference

Our next up target stands at 0.8474.

Alternative scenario

Below 0.8439, expect 0.8426 and 0.8419.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8447 and 0.8451).

Supports and resistances

0.8489 **

0.8481 *

0.8474 **

0.8466

0.8451 last

0.8444

0.8439 **

0.8426 *

0.8419 **

Number of asterisks represents the strength of support and resistance levels.