On the EURGBP daily chart, we can see that the pair is below 200 SMA 0.8620 level and the downside continuation could lead to an extension into 0.8450 level lower. The daily close below this level will open the further downside extension. Invalidation and the upside reversal only on the daily close above 0.8620 level.
Happy trading! (click on the chart to enlarge it)
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