EURGBP Potential correction

The EURGBP market recently tested the November high, creating a false breakout on the 4-hour timeframe after sweeping liquidity above the 0.84500 level. Following five consecutive bullish days, a retracement may be on the horizon. Despite the price continuing to register higher highs, a bearish divergence has emerged, signaling a potential loss of upward momentum.

With the market now testing the monthly high alongside this bearish divergence, a downward move from the resistance level and channel border appears likely. The key focus is on the support zone around 0.83710