EURGBP chart - signs of a deeper correction.

Despite my focus on trader psychology, development and performance, I still like the odd dabble in the market. - I suppose once a trader always a trader. - One market which looks interesting to me right now is the EURGBP cross. - I have attached a chart below highlighting my view that we may be seeing a correction unfold. - Though not a lover of the 'Head & Shoulders' pattern (they so often disappoint), this is showing decent potential for a correction. Using the traditional measured target this could see a move to 0.8525 which is the 50% correction of the October - January decline, and around the base of the Sep - Dec range. Momentum is also quite supportive here, with clear 'bullish divergence' on the daily chart and shorter-term momentum studies favourable. Breaking over the most recent high (0.8377) and holding should strong favour a continuation of this correction.