EUR/GBP H4 Murray levels
The quotes tested the resistance at the 5/8 level and as a result at the moment we have a southward direction. But here the moving average is currently providing support and this may be a reversal back to the north. In any case, it’s still too early to talk about a northern outlook. Simply, according to the rules of these levels, if the quotes move above the 5/8 level and then consolidate there, this is of course a prospect for the continuation of the upward movement. In this case, the targets can be considered the resistances at the 7/8 levels and above 8/8. Well, if now the moving average lets it go lower, then in that case I think they may drop to the 0/8 support. All the best.
