EUR/GBP has finally started to increase again and it seems determined to develop an important swing higher, uptrend. Last week I've told you that a breakout, jump, above the minor black downtrend line signal an up reversal, upwards movement.
It's traded at 0.8630 after registering an aggressive breakout above 0.8600 psychological level. The pair is expected to increase after escaping from the major down channel's body, after breaking above the major downtrend line.
It has decreased along the downtrend line, that's why I've drawn the minor black downtrend line to get a buying signal when the price jumps above it.
Trading Conclusion!
The current aggressive jump above 0.86 represents a buying signal, opportunity, with the first upside targets at 0.87 and 0.88 levels. Only a drop below the former lows, 0.8550, could invalidate the upside scenario.
