EURGBP recently reversed up from the support area lying between the multi-month support level 0.88650 (which has been reversing the price from the start of June) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous manor ABC correction (ii). Given the strength of the support level 0.88650 and the rising sterling bearishness seen today – EURGBP is expected to rise further toward the next resistance level 0.89500 (former key support from the end of December).