(0,8488) EUR/GBP confirmed another positive closing keeping well bid above the 200 hours line, this morning found at 0,8464. While above this line we could see further strength suggesting a 0,85 overshooting where we expect however good resistance. The indicators of the daily chart are still well negative however showing potential positive reversals. Those of the s/t ones are mixed at the moment suggesting further consolidation with however some more upside potential. The move up failed yet to confirm clear divergences suggesting the tone has not changed yet. Only a move below the 200 hours line at 0,8464 will however support a resumption of the decline for a drop toward our targets below 0,8400. We stay on the sideline.
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Future Trend Research