__SpecialFX__
Short

Correction Completed - Sell Retracements

FX:EURGBP   Euro / British Pound
The Correction from 7003 reached 7050 before turning and breaking the up channel

7050 marks the 61.8% Fib from 7080-7003

The correction up unfolded as a double corrective structure. Since we have broken the channel and formed wave a of the larger wave Y at 7012 - looking to sell retracements in this leg up towards 7036-7041 which holds a confluence area of Fib levels and the bottom of the channel.

Conservative Targets fall at 6990 which is Daily Support
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