EUR/GBP: detailed technical analysis. A big drop to follow?

Conducting a multi-timeframe analysis of EUR/GBP, the following can be inferred: the price is currently rejecting a crucial area of resistance that can be identified on the Weekly timeframe. Taking into account the recent impulsive move to the upside, we can expect a deep correctional move to happen before further bullish moves kick in and continue driving the price to the upside.

Zooming into lower-timeframe graphs, we may see that even though the price has rejected the 0.882 - 0.883 key zone, it potentially needs another touch before initiating a full-scale drop to the downside.

The 0.87 area of support awaits.
Godspeed.