0.7225 stands out clearly as a level on the EUR/GBP daily chart
where price, it seems, is reacting in a bullish
manner today. By day's end, should price close above this level, continuing bullish
momentum could ensue. Evidently, this horizontal level, 50 ema
and 50% retracement
are acting as coalescent support. On the contrary, a close below 0.7225 may have price retest the rising trend line
for another plausible long entry.