- EUR/GBP could end with losses for the third day, as the pair closed yesterday below 0.8636 yesterday, confirming a bearish doji reversal. The pair had created a long-tailed doji candle on Tuesday.
- Further, on the 4-hour chart, the pair is teasing a double top breakdown. Acceptance below the neckline 0.8633 looks likely, given yesterday’s bearish close and could be followed by a drop to sub-0.86 levels.
- A close above 0.8682 (April 23 high) is needed to revive the bullish setup.
Daily chart
4-hour chart
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Trend: Bearish
Pivot points
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