Cross-rate signals: EUR/GBP is in anticipation of development of a “double top”

The cross-rate EUR/GBP on the H4 timeframe is pending the development of the “double top” figure. The limiting factor is a three-week uptrend.

Fixing the cross below the level of 0.8730-10 will be a signal for a decrease. Support levels and goals were located at the levels: 0.8670 and 0.8650. Resistance is 0.8750-60, a return above which will indicate the resumption of the uptrend.

Fig. EUR/GBP H4. Current price – 0.8730

Hanzenko Anton