EURGBP - Technical Analysis: Friday, 22/08/2014 08:53 GMT

New bullish wave started after placing 0.7872 level, and a bullish technical pattern under construction now, its confirmation level at 0.8030.

The exponential moving average 50 carries the price from below, supporting the chancing of completing the pattern.

Some fluctuation required to gain positive momentum that reinforces the chances of continuing the bullish bias for the upcoming period.