EURGBP approaching support, potential bounce!

١٢ سبتمبر ٢٠١٨

EURGBP is approaching our first support at 0.8886 (horizontal overlap support, long term ascending support line, 100%, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.8955 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
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