EURGBP closed below 2nd strong resistance

22 Mar 2020

EURGBP shows signs of rejection on the second upper resistance and closed below the first resistance level. The stochastic oscillator is showing a twist, indicating that the price is overbought. This could indicate that the market could become bearish. The significant levels are drawn and lead to suggest that there might be a possible head-and-shoulders pattern. If so, the price might go all the way down to TP2.