The EUR/GBP failed to stabilize above the 100% Fibonacci level and above the short uptrend line (dotted line) and now it seems motivated to drop much deeper in the upcoming days. The next downside target will be at the lower median line (LML) of the major ascending pitchfork.
Price failed to reach and retest the median line (ML) and the third warning line (wl3) of the descending pitchfork, signaling a further drop.
