EURGBP Wave Analysis

EURGBP sits currently at Channel trendline around 0.85300 with acts as strong support
Last week we got first move to the upside with set new highs on 1h/4H
Yesterday market corrected strongly in 5-Wave manner to 89% Fib Level

We have an engulfing pattern on 12H chart with retest of falling inner trendline
Price already moved 40 pips to the upside since this morning

Watching for correction to end so we can get early into the next upside move
Target +200 pips