- EUR/GBP has retraced to 38.2% level.
- EUR/JPY still inside the pennant formation.
- EUR/USD looking to major support at 1.3060.
- Cable has rallied off interim lows but still looks very soft.
My overriding sense after doing the short and medium term technicals (see charts in members) is that EUR/GBP is still a buy-on-dips proposition.