EUR/GBP is On The Upside

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.