EUR/GBP – 4H – Buying the discount into ECBEUR/GBPOANDA:EURGBPjazzybejcekPrice rallied off the 0.8617 low and tagged the supply zone at 0.8682, leaving a local high. Now retracing into discount. Entry pocket: 0.5–0.618 fib at 0.8652–0.8639. Looking for a bullish BOS on the lower timeframe to confirm before going long. Stop just under the 0.786 at 0.8628, hard invalidation on a 4H close below 0.8617. Targets: D/W/M pivot at 0.8660, then supply at 0.8682, extended objective the yearly level at 0.8723. Partial at 0.8660, stop to break-even, let the rest run. Fundamentals lean bullish: the BoE's ~175bp rate edge over the ECB (3.75% vs 2.00%) has weighed on EUR/GBP, but that gap is set to narrow with the ECB expected to hike on 11 June while the BoE holds. Euro-supportive into the event, though softening ECB hike bets and UK political noise can keep it grinding.