I don't know about the bearish trend yet. The move to 0.8708 was a retracement and now it's climbing again. We'll see whether it'll form a double top here.
Move on range today, which this pair move up again and look on high price daily three candle has same size from high to low, weekly might still uptrend, if likely occur breakout might will continue
It's possible, but look later, if likely break low might will reached these price, but if still move on range still possible to move up again with 0.8720 as resistance
Very nice chart but still complicated to reading and how to use these line whether this is use certain indicator or use list object
Today there are news CPI for gbp, if look actual data that released with 2.3% and forecast 1.2% it's mean actual data higher than forecast and good for currency seems this news giving impact to gbpusd also eurgbp or gbbjpy too.
EURGBP looks like it might be trying to head north for a while. But ever since about September 9th, such attempts typically don’t last too long.
Even if EURGBP DOES intend to head higher, right now the structure does not look right to me for entering a long position. For that I would first need to see it pull back about 20 pips or more, and after this, get a signal indicating that it was ready to resume a northbound trajectory.