EURGBP shows potential for a trend change to the downside. The daily chart shows the Chikou pushed below the cloud before rising back to the top of the cloud and now moving towards the lower edge of the cloud. This is a usual path. The bearish daily trend is further supported by a bearish future cloud and Tenkan below the Kijun. The Chikou can move below the cloud with a sideways movement in price. On the hourly chart. We have a recent bearish future cloud, a cross of the Tenkan and Kijun and a break of below above the cloud. We have a long flat line of the cloud base at 0.7812 which is providing a gravity point. We can use the Kijun (0.77975) or the nearby low (0.7777) as an entry point to initiate the short and target initially the spike low.
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