EUR/GBP in the lead up to GDP data

The EUR/GBP pair seems to be making another run towards the upper resistance of the descending channel.

It has already visited this upper channel boundary 4 times since June 15, 2022. Perhaps it will visit 0.8503, in confluence with the 50-day moving average before continuing its way south. Although the Supertrend Indicator may suggest that the pair doesn’t have the sentiment to get close to the upper boundary.