EUR/GBP Formed a Double Top

The situation with EUR/GBP is quite similar to EUR/USD – the pair has been moving steadily to the upside for a while and it has currently formed a shooting star candlestick on the daily time-frame at 0.9305. What is more, however, is the fact that the pair reached the previous high at 0.9304 before forming that candlestick and clearly bounced off from it. So in addition to the shooting star candlestick there is a rather impressive double top at the aforementioned resistance at 0.9305 which is clearly visible on the weekly time-frame. The pair will likely continue falling, and its closest target to the downside is probably around 0.9130.