87600 was previous floor/ceiling so I close here ,see if we get a pull back next.
Eur/GBP moving back to its old levels ,good thing I held this trade from first 86292.
Usually see this pattern before a sell off,be aware of it.
Nice break above 86600 on weaker inflation.
60 pips with both positions so far ,next leg up ceiling/support at 86600
I took a second position from this bottom,finally Euro buyers started to come in.
UK wage growth was slightly lower than expected 2.4% ,3% expected.
Getting some up ticks,sometimes false to catch us out,normally 3 near a bottom.
86490 is the mid point if we count 42 pip range so far today.
Now we have a double bottom on the 1hr chart ,RSI below 50,if this is the start of a tight range 86300-86600 it should head back up,50% below last Buy bar will be negative.