On the right looks like a legit triangle in the making. It has dropped a lot the past months and when looking on the left chart, we can see the drop is slowing down in the shape of a bullish wedge. Don't know if it will break out of it, because when zooming out, the picture is very bearish for on the long term. The yellow circle is the target of the triangle, which is also around the resistance of that wedge. Below that red resistance it can still fail.
@Johanes, Yes, but also not really dropping (GBP). So could still go both ways
Johanes
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@botje11, eurgbp still under pressure until the carryy trading dismis their trading on GBP and EUR. Although the two currencies are being carried at the same time, the GBP interest rate is higher than EUR and reflect the GBP to be appreciated by the EUR to certain level.