EUR/GBP confirmed a session of consolidation forming a new inside day with 0,8655 – 0,8550 the levels to follow in the coming hours. A break of the resistance will favour a retest of the 200 days line at 0,8738, move that we still expect to be corrective!!
The indicators of the daily chart are still well negative while those of the s/t ones remain mixed supporting further consolidation. In the hourly chart we have still a potential negative reversal situation suggesting a possible s/t target at 0,8467.
Only an hourly closing above 0,8645 will postpone the decline favouring an extension of the correction toward the 200 hours line, now found at 0,8684!!
We wait for a decent selling opportunity possibly a little higher and close to the 200 hours line!!
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