EUR/GBP: Correction?

EUR/GBPCurrently we are 0.8441 after a breakout of the channel. It appears the correction is starting. We are looking for a continuation to the 0.214 Fibo @ 0.8241 with a further target to the 0.500 Fibo area @ 0.8000 in the upcoming days. The average daily true range (ATR) for the pair currently is 158 pips.

EUR/GBP 6-Hour Chart

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