Daily Pivots: (S1) 0.8349; (P) 0.8372; (R1) 0.8393; More…

Intraday bias in EUR/GBP stays neutral at this point. Further rally is expected as long as 0.8358 minor support holds. On the upside, break of 0.8448 will target 0.8472 resistance first. Firm break there will resume whole rebound from 0.8221 to medium term falling channel resistance (now at 0.8504). Nevertheless, break of 0.8358 will suggest that rise from 0.8239 has completed and turn bias back to the downside instead.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8508).

Daily Pivots: (S1) 0.8370; (P) 0.8395; (R1) 0.8410; More…

Range trading continues in EUR/GBP and intraday bias remains neutral. Further rally is expected as long as 0.8358 minor support holds. On the upside, break of 0.8448 will target 0.8472 resistance first. Firm break there will resume whole rebound from 0.8221 to medium term falling channel resistance (now at 0.8504). Nevertheless, break of 0.8358 will suggest that rise from 0.8239 has completed and turn bias back to the downside instead.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8508).

Daily Pivots: (S1) 0.8403; (P) 0.8416; (R1) 0.8430; More…

Intraday bias in EUR/GBP stays neutral as range trading continues below 0.8448. Further rally is expected as long as 0.8358 minor support holds. On the upside, break of 0.8448 will target 0.8472 resistance first. Firm break there will resume whole rebound from 0.8221 to medium term falling channel resistance (now at 0.8508). Nevertheless, break of 0.8358 will suggest that rise from 0.8239 has completed and turn bias back to the downside instead.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8508).

Daily Pivots: (S1) 0.8397; (P) 0.8408; (R1) 0.8418; More…

EUR/GBP is staying in consolidation below 0.8448 and intraday bias stays neutral. Further rally is expected as long as 0.8358 minor support holds. On the upside, break of 0.8448 will target 0.8472 resistance first. Firm break there will resume whole rebound from 0.8221 to medium term falling channel resistance (now at 0.8508). Nevertheless, break of 0.8358 will suggest that rise from 0.8239 has completed and turn bias back to the downside instead.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8508).

Daily Pivots: (S1) 0.8378; (P) 0.8403; (R1) 0.8435; More…

Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen. Further rally is expected as long as 0.8358 minor support holds. On the upside, break of 0.8448 will target 0.8472 resistance first. Firm break there will resume whole rebound from 0.8221 to medium term falling channel resistance (now at 0.8508). Nevertheless, break of 0.8358 will suggest that rise from 0.8239 has completed and turn bias back to the downside instead.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8508).

EUR/GBP edged higher to 0.8448 last week but retreated since then. Initial bias stays neutral this week for consolidations. Further rally is expected as long as 0.8358 minor support holds. On the upside, break of 0.8448 will target 0.8472 resistance first. Firm break there will resume whole rebound from 0.8221 to medium term falling channel resistance (now at 0.8508). Nevertheless, break of 0.8358 will suggest that rise from 0.8239 has completed and turn bias back to the downside instead.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8508).

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) 0.8366; (P) 0.8387; (R1) 0.8401; More…

Intraday bias in EUR/GBP remains neutral for consolidations below 0.8448. Further rise is expected as long as 0.8358 support holds. Above 0.8448 will target 0.8472 resistance. Firm break there will resume whole rebound from 0.8221 to medium term falling channel resistance. Nevertheless, break of 0.8358 will suggest that rise from 0.8239 has completed and turn bias back to the downside instead.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8506).

Daily Pivots: (S1) 0.8379; (P) 0.8411; (R1) 0.8429; More…

Intraday bias in EUR/GBP is turned neutral first with current retreat. Another rally is expected as long as 0.8358 support holds. Above 0.8448 will target 0.8472 resistance. Firm break there will resume whole rebound from 0.8221 to medium term falling channel resistance. Nevertheless, break of 0.8358 will suggest that rise from 0.8239 has completed and turn bias back to the downside instead.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8506).

Daily Pivots: (S1) 0.8409; (P) 0.8429; (R1) 0.8453; More…

Intraday in EUR/GBP remains on the upside as rise from 0.8239 is still in progress for 0.8472 resistance. Firm break there will remain whole rebound from 0.8221 to medium term falling channel resistance. On the downside, below 0.8376 will turn bias neutral and bring consolidations again.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8506).

Daily Pivots: (S1) 0.8389; (P) 0.8403; (R1) 0.8428; More…

EUR/GBP’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 0.8239 should target 0.8472 resistance next. On the downside, below 0.8376 will turn bias neutral and bring consolidations again.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8511).

Daily Pivots: (S1) 0.8361; (P) 0.8390; (R1) 0.8411; More…

Intraday bias in EUR/GBP stays neutral for consolidations below 0.8416 temporary top. Downside should be contained above 55 4H EMA (now at 0.8330) to bring another rise. Break of 0.8416 will resume the rally from 0.8239 to target 0.8472 resistance next.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8511).

EUR/GBP’s strong rally last week suggest that fall from 0.8472 has completed as a corrective three-wave move down to 0.8239. However, the cross lost momentum after final push to 0.8416. Initial bias is neutral this week for consolidations. Downside should be contained above 55 4H EMA (now at 0.8323) to bring another rise. Break of 0.8416 temporary top will target 0.8472 resistance next.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8511).

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) 0.8351; (P) 0.8381; (R1) 0.8402; More…

EUR/GBP lost momentum after hitting 0.8410 and intraday bias is turned neutral first. Downside of retreat should be contained above 55 4H EMA (now at 0.8314). Rise from 0.8239 is seen as the third leg of the pattern from 0.8221. Above 0.8410 will target 0.8472 resistance next.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8511).

Daily Pivots: (S1) 0.8316; (P) 0.8349; (R1) 0.8398; More…

Intraday bias in EUR/GBP stays on the upside for the moment. Rise from 0.8239 is seen as the third leg of the pattern from 0.82210. Sustained break of 1.8% retracement of 0.8472 to 0.8239 at 0.8383 will target 0.8472 resistance next. On the downside, below 0.8345 minor support will turn intraday bias neutral first.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8511).

Daily Pivots: (S1) 0.8268; (P) 0.8287; (R1) 0.8323; More…

Current upside acceleration affirms the case that corrective fall from 0.8472 has completed at 0.8239 already. Intraday bias in EUR/GBP remains on the upside for 61.8% retracement of 0.8472 to 0.8239 at 0.8383. Sustained break there will target 0.8472 resistance next. On the downside, below 0.8321 minor support will turn intraday bias neutral first.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best, at least until decisive break of channel resistance (now at 0.8511).

Daily Pivots: (S1) 0.8268; (P) 0.8287; (R1) 0.8323; More…

A short term bottom is in place in EUR/GBP with break of 0.8239 resistance. Intraday bias is back on the upside for 38.2% retracement of 0.8472 to 0.8239 at 0.8328. Sustained break there will argue that whole fall from 0.8472 has completed and target 61.8% retracement at 0.8383. However, rejection by 0.8328 will bring another decline through 0.8239 support.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8414) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8248; (P) 0.8258; (R1) 0.8268; More…

No change in EUR/GBP’s outlook and further decline is expected with 0.8304 resistance intact. Fall from 0.8472 would target a test on 0.8201/21 key support zone. Decisive break there will carry larger bearish implications. Nevertheless, firm break of 0.8304 will indicate short term bottoming, and turn bias back to the upside for stronger rebound.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8414) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8238; (P) 0.8256; (R1) 0.8271; More…

Further decline is expected in EUR/GBP as long as 0.8304 resistance holds. Fall from 0.8472 would target a test on 0.8201/21 key support zone. Decisive break there will carry larger bearish implications. Nevertheless, firm break of 0.8304 will indicate short term bottoming, and turn bias back to the upside for stronger rebound.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8414) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

EUR/GBP’s fall from 0.8472 continued last week after brief consolidations. Initial bias stays on the downside this week for retesting 0.8201/21 key support zone. Decisive break there will carry larger bearish implications. For now, risk will stay on the downside as long as 0.8304 resistance holds, in case of recovery.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8419) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

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) 0.8238; (P) 0.8256; (R1) 0.8271; More…

Intraday bias in EUR/GBP remains on the downside as fall from 0.8472 is in progress for retesting 0.8201/21 key support level. Firm break there will carry larger bearish implications. For now, risk will stay on the downside as long as 0.8304 resistance holds, in case of recovery.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8431) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.