EURGBP recently reversed down sharply from the resistance area lying between the long-term resistance level 0.92900 (which has reversed the price multiple times from 2016) and the upper weekly Bollinger band. The downward reversal from this resistance area is expected to create the strong weekly Japanese candlesticks reversal pattern Shooting Star, if the price closes this week near the current levels. Given the strength of the nearby resistance level 0.92900 and the bullish sentiment affecting Sterling today – EURGBP is likely to extend the losses toward the next round support level 0.90000 (former top of the medium-term ABC correction (2) from last year).