EUR/GBP - Red wave ii turned into an expanded flat and should hold above support at 0.8243. However a break below 0.8243 will delay the start of wave 3 for a move closer to 0.8227 before higher again.

EUR/GBP - Red wave ii turned into an expanded flat correction (wave "b" ended above the starting point of wave "a" and wave "c" ended below the ending point of wave "a"). A bottom could be found any time now for a powerful rally in red wave iii higher towards 0.8365. However, if the starting point of red wave i at 0.8243 is broken, the expected upside rally will be delay for a move closer to 0.8227 before wave 2 finally comes to an end.

Have a nice weekend.