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Long

London Session Watch EURGBP

FX:EURGBP   Euro / British Pound
EUR/GBP has been quite volatile recently which was caused by both the Pound and Euro dollar. There's no obvious trend over the long term horizon but based on the shorter time frame, we do have bullish momentum going on in this market as we can see through the up sloping trend line and Tenken-sen continuing to stay above the Kijun-sen. The current support level is at 0.7977 and the resistance level is at 0.8036. We can also see that there's an inside bar candlestick pattern formed at the 0.8036 key resistance level which could cause the price to have a little pullback before it surges higher. We could potentially have buying opportunities near the trend line and 0.7977 support level in todays London session.
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