FX:EURGBP Euro Fx/British Pound
EUR/GBP has climed towards a really interesting weekly resistance level and is showing signs of rejection on the (2 back to back pin bars). On the 4 hour chart we can clearly see that price has put in another wedge pattern around this level. Last time this pattern led to a strong breakout which I took and profited from. This time however I am more biased towards a breakout to the downside and a potential short with first targets around 0.7545 and the weekly support around 0,7440 as an extended target.