- EUR/GBP gains traction testing Monday and Thursday highs.
- RSI points to pullback from the key resistance.
- Bears look to 0.8983 entry, 200-bar SMA adds to negative tone.
EUR/GBP rebounds from losses in early-Asian trade to 0.9131 pre-European open on Friday close to highs reached twice across this week.
Bulls look to 0.9142 although RSI conditions indicate failure in achieving this key resistance.
Should EUR/GBP reach 0.9142, the “double bottom” bullish pattern on the four-hour (4H) chart gets confirmed, this could project the pair higher towards the yearly high 0.9290.
Resistance can be seen at 0.9220 and the 0.9200 round-figure.
On the flip side the 0.9100 round-figure and December 02 high at 0.9080 could offer support ahead of the 200-bar SMA level at 0.8988.
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