We SHORTED this pair at .8650 on the 9th January and we still await a move back to the open as EUR/GBP remains stubbornly high.
Fridays price action on Friday saw this pair hit resistance and head south. TD-RT which signals the general direction has south on all pairs but D1 suggesting the BULLS are weakening.
We are keeping hold of this pair as all the indications are we could see a move south in the next few trading sessions particularly as a look at the H4 chart is showing a series of lower highs.
.8692 looks key and a move south of that level should see declines accelerate.
Above .8766 will cause a rethink.