EUR/GBP 4H Chart: Channel Up

Euro-pound pair at the moment is trading exactly  on the pattern's support. This fact become very important when we take in to the account that short term technicals on aggregate point at the breach of the pattern's support and the pattern has high magnitude rating (indicates the possibility of large movements and momentum gains if/when the pattern is breached). Long term technicals gives formidable bullish outlook suggesting that the pair should, after all, maintain its bullish course.  All in all it seems that breach won't follow through at the moment at the pair should bounce from the pattern's support.