EUR/GBP Weekly candlestick chart. The market remains bearish but could see some further upside activity this week if the 0.8300 level can hold as support this morning.

Last week’s close above the 10 week moving average at 0.8308 was also a close above a pivot level taken from the hammer type candlestick. The trigger for this was the support at the upper channel line.

The pivot level makes a useful directional bias for now and would use this for the short term direction.

EURGBP