EUR/GBP has extended the rebound from ahead of support at 0.8265/0.8300 to breach key resistance at 0.8410. • Sustained breach of this level would signal completion of a base pattern calling for a return to broken support at 0.8485 then the 0.8619 reaction high and the 200 day moving average, currently at 0.8632. • Failure to sustain the break would offer early warning of completion of a bull trap, putting pressure back on range support at 0.8255/0.8278 ahead of 0.8222 (9th January swing low), below which would signal a resumption of the major downtrend calling for an attack on strong support coming in around 0.8142 ... (full story)