Yesterday's negative action suggest that some correction started for EURGBP pair. Euro and British pound should maintain positive positions against US dollar, but I believe British pound has a better chance to go further to the upside and current EURGBP correction on 1 hour chart should last to 0.8234 at least. Above recent high trend to the up side will resume.
Current price action is most likely a correction of the previous positive trend. Price stuck to daily ex-resistance area and bounce from here can start new positive trend. My initial target (if price will bounce up) is current resistance area at 1.3400, but with the strong movement next trend up can last up to 1.3600 area.
Triangle is forming on 1 hour chart and break out to the down side is a good set up to get some short positions. At the same time break to the up side is a good set up to get some long positions, but at this moment I prefer short position. Break of the triangle's upper line and this plan is not valid any more and possible long positions will be established.