It looks like the market is at the top of the right shoulder with potential for trend reversal.
In August and recently in September the market tested the resistance line from year 2013. The actual trend is already old and we have not seen any big retracement yet.
Furthermore, BB% indicates a divergence on 20 and ...
My analysis from last week was correct. We had a smooth downtrend, which was confirmed by the BB%. The market broke the trend channel on friday.
For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121.
EURGBP reached a resistance line from 2013. This week the resistance holds. I expect a correction towards 0,83000 (0,382 Fibo of the last leg). This could form a NSN-Formation with further movement towards 0,80300