Buy above 0.8863.
Stop loss at 0.8820.
Take profit at 0.8930.
Reason for the trading strategy (technically):
EURGBP is approaching its support at 0.8863 (50% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 0.8930 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 3.9% where a corresponding bounce is expected.
Stop loss at 0.8820.
Take profit at 0.8930.
Reason for the trading strategy (technically):
EURGBP is approaching its support at 0.8863 (50% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 0.8930 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 3.9% where a corresponding bounce is expected.