gdf_fx

EURGBP Range bound for a while

Short
FX:EURGBP   Euro / British Pound
2
Even with BOE policy changes and basis point cut we still see the defined range hold convincingly,

previous H&S failed to provide a bearish break so i expect the rising channel to continue until one side takes real control of this market.

if the channel breaks there is a lot of liquidity around 0.8 which will be my target.

Alternatively if we see price break and settle above the head resistance level then I will be looking for longs.