EURGBP Crab And Double Top

10 Mar 2020Crab worked and price retraced 120 pips - from 87400 to 86200 -

Now we see a potential double top formation as the price rejected 0.87400.

0.86200 is the neckline of the pattern. The potential breakout scenario and the target of the pattern are shown on the chart.

Note: ECB is expected to announce new QE in a few days - before BoE - . This would trigger the bearish move near term.

Good Luck!