This is one of my favorite pairs and I will share with a little technical analysis for this one the EURGBP.

Today we dont see "much" action price in the Hourly chart so i was wondering "whats happening in the big picture?", well, its happening a Head and Shoulders pattern on the Daily chart and the neckline was broken about 7 May of this year, then the price make a little pullback and then continues going down and down until 19 Jun (a month ago) begin a bullish channel!, so im waiting right now cause the price can do two things.

1.- Make an other up trend to the top of the channel or at least to the 800 period Moving Averange (in One Hour time-frame).

2.- Broke that bullish channel to the down side to continue to the target point of the Head and Shoulders pattern wich is 0.8230 aprox.



So this is my analysis until now, What do you think?? , dont forget that im begining in this amazing world so dont be cruel at me =)

Thankyou for reading!

Good luck to everyone and see you around!