Analysis: This pair has formed a double-bottom price pattern in early April near the 1.0000 level. Since putting in a bottom this pair has thrust higher. For the past few trading sessions this pair has been in a consolidation. Penetration above today's NR4 bar should propel prices higher.
Now this was a nice double bottom set-up. However continuing what I said in your EUR/GBP post it would be equivalent if you entered on this pair at around 1.0150 and targeted 1.0200, when the price was still in a clear downtrend without a confirmation about the change in trend