SHORT TERM TECHNICAL ANALYSIS

EURGBP, H4

The pair is now reacting to a strong daily and weekly resistance after a strong bullish swing move on the daily and weekly timeframes.
The 4-hour is showing a potential continuation swing on the downside after strong reaction off the S resistance zone around 0.80900. The continuation of the swing will be confirmed by break and close of 4hour candle below the pink trendline marked X. The immediate support zone is around 0.79328 marked T. A strong break and close below the zone can lead to retest of the support zone around 0.78426 marked by horizontal line marked A.
A close above S invalidates the setup