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EURGBP 24 Aug 2023

EURGBP 24 Aug 2023 on the H4 timeframe, it looks like the pair is still ranging between S1 and S2. being under the kumo cloud on the ichimoku indicator, the pair is still unable to rise through S1 towards R1. if referring to the stochastic indicator, which shows a declining chart due to overbought in the previous session, it is possible that the bearish will still continue. Therefore, go-short position is still an option for traders, unless there are factors that can affect changes in the pair. Wait for clearer indications before determining a trading position.

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