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the EUR GBP in up trend since since the 2015 july low @ 0.6936 reaching the 0.9305 high in the last month .
it formed a perfect double top on the 0.9217-0.9305 zone on the weekly and the monthly chart with a sharp down bar at the last week reaching the 0.8769 zone .for the next 2 sessions if the market failed to hold above the 0.8710 it will accelerate crushing towards the 0.8570 (the break out point)
on this month candle we can reach 0.8400 and possible 0.8200 as a low
this week range is the key that will give when we can reach our big target level the 0.79
it formed a perfect double top on the 0.9217-0.9305 zone on the weekly and the monthly chart with a sharp down bar at the last week reaching the 0.8769 zone .for the next 2 sessions if the market failed to hold above the 0.8710 it will accelerate crushing towards the 0.8570 (the break out point)
on this month candle we can reach 0.8400 and possible 0.8200 as a low
this week range is the key that will give when we can reach our big target level the 0.79