EURGBP: Potential rebound on the uptrend line weekly

Hi, as seen on the chart, the pair is closed to a big trend line acting as a potential support. In my opininion I think that the price will trigger a rebound this trend line. The reversal will face then to a potential resistance around 0.8680.
The setup will be invalidated if the price goes and closes below the trend line. It is important to wait for a reversal confirmation with a bullish candlestick H4 or D1.

Hope this helps

Kommentera:

For now, there is no break down confirmation. The setup is still active.