EURGBP formed a double top around 0.8750 and pared some of its gains from that level. As long as resistance 0.87520 holds, intraday bias is still negative. Currently trading at 0.86718, it reached an intraday low of 0.86588.
Technical Analysis
The pair is currently trading below 55 and 200- EMA and above 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8660 confirms an intraday bearish trend. A drop to 0.8630/0.8600/0.8560/0.8520/0.8480 is likely.
Near-Term Resistance: The near-term resistance is around 0.8752. Any violation above will take the pair to 0.8800/0.8850.
Indicator Analysis (4-hour chart)
CCI (50): Bearish
Average Directional Movement Index: Neutral
Trading Recommendation
It is good to sell on rallies around 0.8680-85 with SL around 0.8752 for a TP of 0.8500.


Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: GBP/AUD stuck in range but maintains bearish bias
FxWirePro: GBP/USD cedes early gains ,outlook bearish
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption 



