| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The EUR/GBP currency pair reached the lower boundary of the long-term ascending channel located circa 0.8650 at the end of January.
As apparent on the chart, the exchange rate has already tested strong resistance level formed by the monthly PP at 0.8825. Given that the pair is being pressured by the 55-, 100– and 200-hour SMAs, it is likely that a bearish momentum prevails in the market in the nearest future. It is expected that the rate re-tests the lower channel line.
If given channel does not hold, a breakout south occurs within following sessions. Otherwise, it is likely that a reversal north occurs, and the pair goes upwards to re-test the monthly PP.