Tanalys

EUR/GBP ST: rebound.

Pivot: 0.7

Our preference: Long positions above 0.7 with targets @ 0.76 0.775 in extension.

Alternative scenario: Below 0.7 look for further downside with 0.687 0.667 as targets.

Comment: The pair has rebounded and has broken above its resistance.

Supports and resistances:

0.788 ***

0.775 ***

0.76 ***

0.7378 Last

0.7 ***

0.687 ***

0.667 **

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