I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what would have called a ‘blow-off’ move. Almost the entire move has been on lower daily (exception being the 21st).
The and Composite Index are also at historical highs and showing similar structure in their peaks. This pair is bound for nasty mean reversion trade with at least a .