EURGBP closed below 2nd strong resistance

EURGBP shows signs of rejection on the second upper resistance and closed below the first resistance level. The stochastic oscillator is showing a twist, indicating that the price is overbought. This could indicate that the market could become bearish. The significant levels are drawn and lead to suggest that there might be a possible head-and-shoulders pattern. If so, the price might go all the way down to TP2.