EUR/GBP’s rally from 0.8221 continued last week but failed to sustain above 0.8446 resistance and turned sideway. Initial bias remains neutral this week first. On the upside, decisive break of 0.8446 will target 0.8624 key cluster resistance zone. However, break of 0.8403 support will indicate short term topping after rejection by 0.8446. Intraday bias will be back on the downside for 55 D EMA (now at 0.8335).

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 W EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.

Daily Pivots: (S1) 0.8404; (P) 0.8421; (R1) 0.8435; More…

Intraday bias in EUR/GBP remains neutral first with focus on 0.8446 resistance. Decisive break there will resume the rally from 0.8221 to 0.8624 cluster resistance zone. On the downside, however, break of 0.8403 minor support will indicate rejection by 0.8446, and turn bias back to the downside for 55 D EMA (now at 0.8332).

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 W EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8388; (P) 0.8420; (R1) 0.8436; More…

Intraday bias in EUR/GBP is turned neutral first with the current retreat and with 4H MACD crossed below signal line. Some consolidations would be seen, but further rally is expected as long as 55 4H EMA (now at 0.8374) holds. Firm break of 0.8446 resistance will target 0.8624 cluster resistance zone, even as a corrective move.

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 D EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8399; (P) 0.8425; (R1) 0.8465; More…

Intraday bias in EUR/GBP remains on the upside for the moment, with focus on 0.8446 resistance. Firm break there will target 0.8624 cluster resistance zone, even as a corrective move. On the downside, below 0.8384 minor support will turn intraday bias neutral first.

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 D EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8379; (P) 0.8401; (R1) 0.8417; More…

EUR/GBP edges higher today as rebound from 0.8221 extends. Intraday bias stays mildly on the upside for 0.8446 resistance, despite loss of momentum. Firm break there will target 0.8624 cluster resistance zone, even as a corrective move. On the downside, below 0.8384 minor support will turn intraday bias neutral first.

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 D EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8373; (P) 0.8384; (R1) 0.8402; More…

EUR/GBP’s rally from 0.8221 short term bottom continues today and intraday bias stays on the upside for 0.8446 resistance. Firm break there will target 0.8624 cluster resistance zone, even as a corrective move. On the downside, below 0.8364 minor support will turn intraday bias neutral first.

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 D EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

EUR/GBP’s extended rebound last week confirm short term bottoming at 0.8221, just ahead of 0.8201 key support level. Initial bias stays on the upside this week for 0.8446 resistance first. Firm break there will target 0.8624 cluster resistance zone, even as a corrective move.

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 D EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.

Daily Pivots: (S1) 0.8338; (P) 0.8372; (R1) 0.8404; More…

Intraday bias in EUR/GBP stays on the upside for the moment, as rally from 0.8221 short term bottom is in progress for 0.8446 key resistance. Strong resistance might be seen there to limit upside, at least on first attempt. But for now, further rally will remain in favor as long as 0.8327 resistance turned support holds, in case retreat. Decisive break of 0.8446 will carry larger bullish implications.

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8301; (P) 0.8326; (R1) 0.8373; More…

EUR/GBP’s rally from 0.8221 accelerates higher today and intraday bias stays on the upside for 0.8446 key resistance. Strong resistance might be seen there to limit upside, at least on first attempt. But for now, further rally will remain in favor as long as 0.8327 resistance turned support holds, in case retreat. Decisive break of 0.8446 will carry larger bullish implications.

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8280; (P) 0.8293; (R1) 0.8300; More…

EUR/GBP’s break of 0.8326 resistance confirms short term bottoming at 0.8221, just ahead of 0.8201 key support. Intraday bias is back on the upside for 0.8446 key resistance. Strong resistance might be seen there to limit upside, at least on first attempt. But for now, further rally will remain in favor as long as 0.8282 support holds, in case of retreat.

In the bigger picture, focus remains on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8280; (P) 0.8293; (R1) 0.8300; More…

EUR/GBP is staying in consolidations and intraday bias remains neutral. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

In the bigger picture, focus remains on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8284; (P) 0.8301; (R1) 0.8316; More…

No change in EUR/GBP’s outlook as range trading continues. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

In the bigger picture, focus remains on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8288; (P) 0.8296; (R1) 0.8306; More…

Intraday bias in EUR/GBP remains neutral for the moment as range trading continues inside 0.8221/8326. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

In the bigger picture, focus remains on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Risk will stay on the downside even in case of strong rebound.

EUR/GBP stayed in sideway trading in range of 0.8221/8326 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

In the bigger picture, focus remains on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Risk will stay on the downside even in case of strong rebound.

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.

Daily Pivots: (S1) 0.8263; (P) 0.8295; (R1) 0.8324; More…

No change in EUR/GBP’s outlook as range trading continues. Intraday bias remains neutral for the moment. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

href=”https://www.actionforex.com/wp-content/uploads/2025/01/eurgbp20250103a1.png”>

In the bigger picture, focus is now on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8264; (P) 0.8284; (R1) 0.8298; More…

EUR/GBP is still bounded in range of 0.8221/8326 and intraday bias stays neutral. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

In the bigger picture, focus is now on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8271; (P) 0.8300; (R1) 0.8318; More…

EUR/GBP failed to break through 0.8326 resistance and retreated, and intraday bias stays neutral On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support, on bullish convergence condition in 4H MACD. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

In the bigger picture, focus is now on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8293; (P) 0.8309; (R1) 0.8337; More…

No change in EUR/GBP’s outlook and intraday bias stays neutral. On the upside, break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support, on bullish convergence condition in 4H MACD. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

In the bigger picture, focus is now on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8276; (P) 0.8294; (R1) 0.8318; More…

Intraday bias in EUR/GBP stays neutral for the moment and more consolidations would be seen.. On the upside, break of 0.8326 resistance will indicate short term bottoming, at 0.8221, ahead of 0.8201 key support, on bullish convergence condition in 4H MACD. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

In the bigger picture, focus is now on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Otherwise, risk will stay on the downside even in case of strong rebound.

EUR/GBP rebounded ahead of 0.8201 key support again last week but upside was limited below 0.8326 resistance. Initial bias is neutral this week first. On the upside, break of 0.8326 resistance will indicate short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be turned back to the upside for 0.8446 structural resistance next.

In the bigger picture, focus stays on whether 0.8201 key support (2022 low) is strong enough to complete the whole down trend from 0.9267 (2022 high). In any case, medium term outlook will be neutral at best until decisive break of 0.8624 key resistance. Otherwise, risk will stay on the downside even in case of strong rebound.

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.