- EUR/GBP lacks clarity of direction, trades largely muted on the day.
- GBP under pressure from BOE Deputy Governor Minouche Shafik's comments.
- The pair is extending decline from multi-week highs of 0.8716 (Sept 26).
- Daily cloud is seen as strong support on the downside, break below could accentuate weakness.
- Major support levels - 0.8589 (Sept 28 low), 0.8559 (cloud top), 0.8522 (20-DMA)
- Major resistance levels - 0.8631 (Sept 20 high), 0.8693 (Sept 27 high), 0.87, 0.8716 (Sept 26 high)
Recommendation: Good to short break below 0.8559, SL: 0.8625, TP: 0.8515/ 0.85/ 0.8440


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