
05 May 2026
by: Kadiri Radouane
Date: Mai 5.2026 Current price:0.86320
Based on the attached chart of the EUR/GBP pair on the 4-hour framework, here is a detailed technical analysis of what the chart shows: 1. Main Artistic Style: "Shark" or Harmonic Pattern The graph shows the use of harmonic patterns, specifically what looks like a Shark model or a composite reflective model. • Green triangles: represent the waves of up and downs that form the sides of the technical model. • Model completion: The price appears to have reached the potential reversal zone (PRZ) at the end of the second triangle. 2. Support Zone (Demand Zone) • There is a horizontal green rectangle at the bottom that represents a strong application area. • This region ranges approximately from 0.86200 to 0.86400 levels. • We noticed a previous price rebound from this region, which reinforces its importance as a repelling wall for buyers. 3. Future forecasts (scenario drawn) The analyst indicates by manual drawing (letter W and upward arrow) the following: • Double Bottom Formation: The Analyst Expects The Price To Fluctuate Within The Demand Area To Form Two Small Bottoms (W), Which Is A Classic Reflectivity Signal. • Bullish rebound: The long black stock indicates the expectation of a strong upward movement targeting levels that may reach 0.87200 or higher, after confirming the reversal from the current support zone. Summary of technical data: • Pair: Euro to British Pound (EUR/GBP). • Time frame: 4 hours (4h). • Expected direction: Bullish provided that stability is above the support area. • Main support level: about 0.86116 (bottom black line).