EUR/GBP Approaching Resistance, Prepare For Reversal

EUR/GBP is approaching its resistance at 0.8854 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.8790 (50% Fibonacci retracement, horizontal pullback support).

Stochastic (89, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated.

EUR/GBP is approaching its resistance where we expect to see a reversal.

Sell below 0.8854. Stop loss at 0.8913. Take profit at 0.8790.


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