EUR/GBP may rise 16 - 24 pips

Our pivot point is at 0.8453.

Our preference

As long as 0.8453 is support look for 0.8488.

Alternative scenario

Below 0.8453, expect 0.8440 and 0.8433.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8461 and 0.8452).

Supports and resistances

0.8503 **

0.8495 *

0.8488 **

0.8480

0.8464 last

0.8458

0.8453 **

0.8440 *

0.8433 **

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