EUR/GBP has formed a Rising Wedge pattern on the 1H chart. The pattern has 71% quality and 77% magnitude in the 223-bar period. The pattern began on 21st of November when the pair dipped to 0.8006; currently it is trading at 0.8141; gap between pattern’s support and resistance narrows by 15 pips in 100-bar period. Trading volume seems to be lower in recent trading days. Technical indicators on aggregate point at appreciation of the pair on 1H horizon. Long traders should focus on the pattern’s
