EUR/GBP is On The Upside

Technical Reports

Trading of the cross is slightly on the upside towards 0.9032 resistance. Sustained breach in that zone will argue short term reversal and align a test on 0.9305 maximum. Following pivot points include: (S1) 0.8741; (P) 0.8762; (R1) 0.8791.

The decline from 0.9305 should extend. Breach of 0.8732 will align key support of 0.8303.

Price behavior from 0.9304 can be corrective pattern. Strong breach of 0.9304/5 will argue uptrend restoration. Diapason trading with a possibility of further decline is threatening. Repeat test on 0.8303 is likely. Sustained support from 0.8116 accumulation of support will restrain the downside.