EUR/GBP Price Analysis: Bears are waking up and will be hungry for 0.8200

• EUR/GBP is on the verge of a test of 0.82 the figure. 
•  In measuring the Asian session correction, a -272% Fib falls in at 0.8198. 

EUR/GBP is correcting as the start of the week's volatility settles down in mid-morning Tokyo-FX. The price started the day heavily offered, sinking from a high of 0.8260 and crash landing to a low of 0.8202. This is marking the lowest level since June 2016. 

EUR/GBP monthly chart

The bears can look to the 0.8200 figure, then 0.8117, 0.7958 and 0.7564 as monthly downside levels. 

In the meanwhile, from a 15-min perspective, 0.82 the figure may only be a matter of time for hours ahead:

The price has corrected the open's sell-off but is decelerating. Therefore, should the bears awake again, then a continuation would be expected. In measuring the correction, a -272% Fib falls in at 0.8198.