EURGBP potential powerful head and shoulders top...
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While speculative in nature before official news on Brexit - from a technical standpoint the EURGBP has been developing a potential powerful head and shoulders pattern on the larger time frames. The psychological barrier of .7900 sits near the neckline and has currently seen some solid price retracements from that zone. This idea is most likely invalidated if price breaks, and holds, above .7950 after any potential Brexit volatility.
While speculative in nature before official news on Brexit - from a technical standpoint the EURGBP has been developing a potential powerful head and shoulders pattern on the larger time frames. The psychological barrier of .7900 sits near the neckline and has currently seen some solid price retracements from that zone. This idea is most likely invalidated if price breaks, and holds, above .7950 after any potential Brexit volatility.
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