The EUR/GBP pair shot straight up during the session on Wednesday to slam into the 0.81 level. Closing at the absolute highs for the day, this pair looks like it wants to continue higher at this point. The pair is at the bottom of the gap from the previous weekend, and there is a possibility of a bit of resistance as we try to slice through it again. However, we would need to see some kind of weakness to fade at this point – something we haven’t noticed. The pair is starting to look like it wants to bottom here, and as far as we are concerned, we are now in a holding pattern.

Click here a current EUR/GBP Chart.

Originally posted here