EUR/GBP chart, analysis, and trading idea

The trend is ascending. The descending wave structures are truncated. The internal descending truncated structure ended with a breach of the inclined channel. The bears have tested the upper boundary of the Ichimoku cloud. The Awesome Oscillator indicator shows bullish divergence, and the Stochastic Oscillator indicator signals oversold.

Trading idea:

Buy on a breakout of 0.8674.

Stop Loss: 0.8576.

Target levels: 0.8767; 0.8858.