A Repeat of price level of 13th October 2008 Likely to play out

The pair has been on steady fall and this seems certain to continue taking the price to 0.83000, that is about 560 PIPS to drop, if it does i will be be taking out 50% of my profit at .0 FIB level (TP 1) and the remainder at 0.27 Fib Ext (TP 2) before i would reanalyze.