EURGBP - Market Analysis for Dec 5th, 2019

EURGBP: below 0.8605 I have no reasons to question next target in 0.827 - 0.84133 area. The pair is approaching the upper region of the target for possible circled wave iii - but extension to at least 0.835 region before corrective bounce seems to be a doable option.
Please note that support at 0.825 region could potentially trigger major reversal to the upside; this is not a high probability option at the moment - but I am going to keep it in mind.

BaseCase - EURGBP= - Primary Micro - Dec-05 1247 PM (4 hour)
BaseCase - EURGBP= - Primary Micro - Dec-05 1247 PM (4 hour)
BaseCase - EURGBP= - Primary D - Dec-05 1244 PM (1 day)
BaseCase - EURGBP= - Primary D - Dec-05 1244 PM (1 day)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.