Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Percent Lines,EMA:3,5,13,21,50,100,200, MACD .
Current Level : 0.8249
EUR/GBP is in a channel down formation from 2009 followed by regular retracements.The pair encounter a major resistance at Fibonacci fan lines 1 W (0.8819) level from where it continued the bearish channel. The price action is the same as last month and currently moves within 50.00% & 38.20 fibonacci fan lines levels but the general trend is bearish and will continue …