gbp/usd created a clear bearish reversal candle right before London open today when it rallied above Friday highs. It then reversed and crashed to Friday's lows where another bullish signal appeared. On the whole, price momentum is slightly bullish.
We are at a key resistance level as you can see from weekly chart. Wait for a reversal pattern at 1.3500 level and some fundamental news should push price of the pair lower. FED rate decision on Wednesday could trigger a sell of in eur/usd.
I expect most of Euro pairs to reverse in the nearest future. eur/gbp has reached a very important resistance point on weekly chart. 0.8500 is the last point of resistance. It just hit 200 simple moving average on weekly chart too. Waiting for a reversal pattern this week to go ...