| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The dominant pattern which has guided the up-ward movement of the EUR/GBP exchange rate for the last four weeks is an ascending channel. The pair reversed from its upper boundary—a five-month high of 0.8950— last week.
Such a reversal is likely to be followed by a decline. Technical indicators on longer time-frames suggest that this might be the case. The nearest support of importance is the 55– and 100-period (4H) SMAs or the 200-period one near 0.8880 and 0.8820, respectively.
The following trading hours may be crucial for the pair. The failure to overcome the 55– and 100-hour SMAs at 0.8930 should be a confirmation of the bearish scenario. In case this level is breached, a target for the following days is expected to be the monthly R2 at 0.90.