EUR/GBP Technical Analysis: Head-and-Shoulder may halt EUR/GBP advance

• EUR/GBP is forming an intraday head-and-shoulder pattern, which can be a potential bear reversal pattern.  
• A bear reversal would likely see a test of the 0.8800 level while a bull trend continuation would need bulls to breakout above the 0.8900 figure.

EUR/GBP 15-minute chart

Spot rate:                0.8852

Relative change:     0.04%      
High:                       0.8870
Low:                        0.8834

Trend:                     Neutral

Resistance 1:         0.8868 weekly 50-period SMA
Resistance 2:         0.8900 figure  
Resistance 3:         0.8967 March 7 high

Support 1:              0.8822-0.8840 area, 200-day SMA and supply level
Support 2:              0.8800 figure
Support 3:              0.8770 daily 50-period S