FX.co ★ EUR/GBP Approaching Resistance, Prepare For Reversal

The EUR/GBP pair is approaching its resistance at 0.8765 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.8724 (38.2% Fibonacci retracement, horizontal swing low support).

Stochastic (89, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated.

EUR/GBP is approaching its resistance where we expect to see a reversal.

Sell below 0.8765. Stop loss at 0.8807. Take profit at 0.8724.