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EUR/GBP - Bullish Cypher set up

FX:EURGBP   Euro Fx/British Pound
EUR/GBP             jumped to a high of 0.8626 levels in Asia today. pushing the daily RSI into the overbought territory. Hence, scope for a technical correction exists.

We also see a Cypher set up with Point C possibly in place at 0.8626 levels. As per the Cypher rule, prices could go down to point D from here which is the potential reversal zone. Point D stands at 0.7333, which at the current moment appears likely only if multiple nations across Eurozone call for their own version of EU referendums.


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