Overall view of EURGBP - Update of July 15th's week

The EURGBP pair has formed a regular upward channel which brought prices to the current yearly high. At every spike, there is a noticeable bearish pressure. The security is now consolidating and subjected to a selling pullback testing the active demand level. The bullish channel broaden by the slight decrease in volume displays increasing odds of a bearish trend debut.

Possible Targets: @0.89200 (+30 pips) or @90100 (+20 pips) in case of a bullish resumption.

Advice: Stay bearish and sell at any high level while we don't break upside @0.89800 level implying a bullish resumption.

Comentário:

The demand level could not be broke downside. After reaching @0.89800, the trend is heading @90100.

Trade fechado: objetivo atingido:

Upside target reached