Recommendations: SHORT positions below 0.8339 with 0.8265 & 0.8200 as next targets.
Alternative scenario:The upside breakout of 0.8339 will open 0.8392/0.8465.
Description: Outlook in EURGBP is neutral this week , break of 0.8340 on a daily basis will resume rise from the 0.8200 levels , If seen , the pair will target the 0.8390 levels where a breach will turn focus on the 0.8465 levels , further out will aim the 0.8566 levels. On the downside , stability below 0.8340 levels will keep pushing on the 0.8265 levels , losing this level will open the main support 0.8200 , a halt could be seen but losing this level will open the 0.8050 levels.
Support & Resistance : 0.8048 , 0.8200 , 0.8265 , 0.8339 (Pivot) , 0.8392 , 0.8460 , 0.8566