I guess the market was already pivoting towards a big day in the British Pound (GBP). Yesterday I noted that EUR/GBP was showing evidence of topping. What surprised me a bit was how strong the GBP also went up against the USD. But then again, we are still only a few hours pass the release of a better-than-expected jobs report. (forexfactory.com) Basically, the data shows stronger wage inflation and a drop in unemployment benefit claims. These stats eventually filter down to whether they would encourage a more hawkish BoE, and they do just that - or at least recommend a less dovish stance. This should indeed bode well for the pound, and we are seeing a lot of buying after the release of these economic data. EUR/GBP 4H Chart 5/18(click to enlarge) EUR/GBP shows evidence of toppingI noted a possible head and shoulders pattern developing in the EUR/GBP. After the jobs data, the pair looks like it is completing the second shoulder and approaching the neckline area. A break below 0.77 would essentially complete the topping pattern. Here's a look at GBP/USD: https://fanyang.whotrades.com/blog/43565481961