Plan to buy Breakout and Retest of Recent High (1.0850 - 1.0870):
Rationale: The area around the recent high, approximately 1.0850 - 1.0870, can be considered if the price retests this level, confirming it as new support.
EURGBP - Buy Recent Swing Low Area (0.8460 - 0.8480):
Rationale: The recent swing low area around 0.8460 - 0.8480 can act as a support zone. If the price retraces to this level and finds support, it can be considered for a buy entry.
Action: Draw a rectangle or a horizontal line spanning the price range from 0.8460 to 0.8480. This area is slightly below the current price level and represents a recent support zone.
OR Buy Breakout and Retest of Recent High (0.8520 - 0.8530):
Rationale: The area around the recent high, approximately 0.8520 - 0.8530, can be considered if the price breaks out and then retests this level, confirming it as new support.
Action: Draw a rectangle or a horizontal line spanning the price range from 0.8520 to 0.8530. This area is just above the current price and represents a potential breakout and retest zone.
Potential Buying Area for EURJPY:
Primary Buying Area:
Price: Around 159.00
Reason: Near the recent support level and a psychological round number.
Secondary Buying Area:
Price: Around 154.00
Reason: Another historical support level that may provide a strong buying opportunity if the price continues to fall.
*