| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇓ | ⇒ |
Due to some new developments on the EUR/GBP currency pair, a review of the technical charts has been done. The need arose due to a junior pattern being broken and the reveal of a medium term channel down.
In general, the previously active junior pattern was broken after a decline, which followed the encounter of the resistance of a medium scale descending channel. As a result the rate retreated down to the lower trend line of the massive scale triangle pattern.
In regards to the near future, the pair is most likely going to rebound and surge up to the combined resistance of the weekly PP and the 200-period SMA.