Toru

EURGBP closer priceaction

FX:EURGBP   Euro / British Pound
This BAT pattern shows near future picture. XA leg ate all 5 waves and exhausted. (This was part of my longtime analysis posted yesterday). Now looking at this near future pattern, it comes with 1.618 BC             extension and 0.886 XA retracement in tight area (0.81196 - 0.81245). This will be a reasonable target once B line is broken. (Some participants will look this pattern as an inverted head and shoulder so B point work as a Neckline). It may bounce down to mid 0.79 which is a fib zone and half fill the gap then resume upward movement.
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