EUR/GBP confirmed a positive closing but it failed again to extend the move up above the 0,8600 level.
The indicators of the daily chart are however still negative while those of the s/t ones are mixed this morning suggesting further consolidation.
The test of the 0,8600 yesterday formed bearish divergences in the hourly chart, however below the 60% level. Nevertheless this is signaling that we have some more upside potential in the s/t. we expect therefor4e another attempt to overcame the 0,8600 resistance with a possible extension of the correction toward the 200 4h line, now found at 0,8662!
Only an hourly closing below 0,8555 will postpone further strength causing a return toward the 0,8500 area!!
We remain on the sideline.
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