EUR/GBP confirmed another session of consolidation interior the inside day with 0,8655 – 0,8550 still the levels to follow in the coming hours. Only a break of the support will cause further weakness suggesting still a possible drop toward 0,8400, move that we expect to challenge the market expectations!!!
The indicators of the daily chart are well negative but those of the s/t ones turned above the line supporting a correction. An hourly closing above 0,8605 will favour an extension toward the 200 hours line at 0,8630 where we expect good resistance. We suggest waiting for higher levels to sell.
We remain on the sideline following the inside day but overall expect still lower levels.
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