EURGBP currency pair recently reversed up from the strong support zone lying between the long-term support level 0.84650 (which stopped the strong downtrend in April) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous impulse waves (iii) and 5. Given the strength of the aforementioned support zone and the oversold daily Stochastic and RSI indicators – EURGBP currency pair can be expected to rise further toward the next round resistance level 0.85500 (former support from June)