Daily Pivots: (S1) 0.8562; (P) 0.8584; (R1) 0.8600; More…

Intraday bias in EUR/GBP remains neutral at this point. On the downside, below 0.8559 will target a test on 0.8470 low. On the upside, though, break of 0.8670 resistance will turn bias to the upside for 0.8718 resistance. Break there will resume the rebound from 0.8470 to 38.2% retracement of 0.9291 to 0.8470 at 0.8784.

In the bigger picture, price actions from 0.9499 are still seen as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn medium term outlook bearish.

Daily Pivots: (S1) 0.8931; (P) 0.8966; (R1) 0.8985; More…

EUR/GBP’s fall from 0.9175 is still in progress and intraday bias stays on the downside for 0.8864 support. Break will confirm completion of the rebound from 0.8670. Deeper fall would then be seen to retest this low. On the upside, however, break of 0.9067 will turn bias back to the upside for 0.9175 instead.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.9043; (P) 0.9070; (R1) 0.9118; More…

Intraday bias in EUR/GBP remains neutral for now and outlook is unchanged. Fall from 0.9291 is a corrective move. Below 0.9007 will extend it lower but downside should be contained above 0.8866 support to bring rebound. On the upside, above 0.9162 resistance will turn bias to the upside for 0.9291 resistance first.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8418; (P) 0.8440; (R1) 0.8458; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8420 temporary low is extending. On the downside, break of 0.8420 will resume the larger down trend from 0.9499 to 0.8276 key long term support next. On the upside, though, sustained break of 55 day EMA (now at 0.8529) will bring stronger rebound back to 0.8656 resistance.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8277; (P) 0.8288; (R1) 0.8302; More…

Intraday bias in EUR/GBP remains on the downside. Sustained break of 0.8276 long term support will carry larger bearish implications. Next near term target is 100% projection of 0.8476 to 0.8304 from 0.8405 at 0.8233 and then 161.8% projection at 0.8127. On the upside, break of 0.8405 is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, focus is now on 0.8276 long term support (2019 low). Sustained break there will argue that the long term trend has reversed. Deeper decline would be seen to 61.8% retracement of 0.6935 to 0.9499 at 0.7917. Nevertheless, break of 0.8476 resistance will indicate medium term bottoming, after drawing support from 0.8276, and bring stronger rally.

Daily Pivots: (S1) 0.8497; (P) 0.8532; (R1) 0.8570; More…

Intraday bias in EUR/GBP is turned neutral again as it recovered quickly after dipping to 0.8491. On the downside, break of 0.9891 will resume larger down trend to 61.8% projection of 0.8874 to 0.8502 from 0.8667 at 0.8437. On the upside, above 0.8564 minor resistance turn bias back to the upside for stronger rebound instead.

In the bigger picture, the down trend from 0.9267 (2022 high) is seen as part of the long term range pattern from 0.9499 (2020 high). Further decline is in favor as long as 0.8667 resistance holds. Break of 0.8502 will resume the fall towards 0.8201 (2022 low).

Daily Pivots: (S1) 0.8617; (P) 0.8634; (R1) 0.8661; More…

Intraday bias in EUR/GBP is mildly on the upside for stronger recovery. But overall outlook will remain bearish as long as 0.8827 resistance holds. Firm break of 0.8570 will resume the decline from 0.9267, towards 0.8338 support.

In the bigger picture, current development suggests that fall from 0.9267 is a down leg inside long term range pattern. Deeper fall could be seen towards 0.8201/8338 support zone. But strong support should be seen there to bring reversal. Nevertheless, firm break of 0.8827 resistance will turn favor to the case that such decline is merely a correction in the up trend from 0.8201. That is, further rally would be seen at a later stage through 0.9267.

EUR/GBP’s decline last week suggests that rebound from 0.8548 has completed at 0.8713 already. Initial bias stays mildly on the downside this week for 0.8548 support first. Firm break there will target 0.8491 low next. On the upside, above 0.8638 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.8713 resistance holds, in case of recovery.

In the bigger picture, fall from 0.8764 is seen as another leg in the whole down trend from 0.9267 (2022 high). Outlook will stay bearish as long as 0.8764 resistance holds. Break of 0.8491 will target 61.8% projection of 0.8977 to 0.8491 from 0.8764 at 0.8464.

In the long term picture, price action from 0.9499 (2020 high) is see as part of the long term range pattern from 0.9799 (2008 high). Fall from 0.9267 is the third leg of the pattern from 0.9499. Break of 0.8201 (2022 low) will target 100% projection of 0.9499 to 0.8201 from 0.9267 at 0.7969.

Daily Pivots: (S1) 0.8541; (P) 0.8568; (R1) 0.8584; More…

Intraday bias in EUR/GBP is turned neutral with current retreat. At this point, further rise is in favor as long as 0.8504 support holds. On the upside, break of 0.8592 resistance will resume the rebound from 0.8448 to 0.8668 resistance. Firm break there will be a strong sign of near term bullish reversal at least. However, break of 0.8504 will turn focus back to 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.9126; (P) 0.9152; (R1) 0.9189; More…

Intraday bias in EUR/GBP remains neutral at his point and further rise is expected with 0.9067 support intact. On the upside, break of 0.9291 will resume whole rally from 0.8670. Intraday bias will be turned to the upside for 100% projection of 0.8670 to 0.9175 from 0.8866 at 0.9371. However, sustained break of 0.9067 will dampen this bullish view and turn bias to the downside for 0.8866 support instead.

In the bigger picture, at this point, we’re still seeing the fall from 0.9499 as developing into a corrective pattern. That is, up trend form 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.9038; (P) 0.9062; (R1) 0.9103; More…

EUR/GBP recovered quickly after edging lower to 0.9019 and intraday bias remains neutral first. As long as 0.9162 support holds, another fall could be seen. Break of 0.9019 will target a test on 0.8866 support. However, on the upside, break of 0.9126 will suggest that pull back from 0.9291 has completed. Intraday bias will be turned back to the upside to resume larger rise from 0.8670 through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8524; (P) 0.8536; (R1) 0.8551; More…

Intraday bias in EUR/GBP stays neutral for the moment. Near term outlook will stay bearish as long as 0.8591 resistance holds. Below 0.8512 will resume the decline from 0.8713 to 0.8491, and then 0.8464 projection level. However, firm break of 0.8591 will turn bias back to the upside for stronger rebound.

In the bigger picture, fall from 0.8764 is seen as another leg in the whole down trend from 0.9267 (2022 high). Outlook will stay bearish as long as 0.8713 resistance holds. Break of 0.8491 will target 61.8% projection of 0.8977 to 0.8491 from 0.8764 at 0.8464.

Daily Pivots: (S1) 0.8521; (P) 0.8538; (R1) 0.8557; More…

Intraday bias in EUR/GBP remains neutral as it’s still bounded in range trading. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside for stronger rebound.

In the bigger picture, fall from 0.8764 is seen as another leg in the whole down trend from 0.9267 (2022 high). Outlook will stay bearish as long as 0.8713 resistance holds. Break of 0.8491 will target 61.8% projection of 0.8977 to 0.8491 from 0.8764 at 0.8464.

Daily Pivots: (S1) 0.8526; (P) 0.8559; (R1) 0.8576; More…

Intraday bias in EUR/GBP stays on the downside for the moment. Current fall from 0.8977 should target 161.8% projection of 0.8977 to 0.8717 from 0.8874 at 0.8453. On the upside, break of 0.8634 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, the down trend form 0.9267 (2022 high) is still in progress. It’s seen as part of the long term range pattern from 0.9499 (2020 high). Deeper fall would be seen towards 0.8201 (2022 low). But strong support should be seen from there to bring reversal. This will now remain the favored case as long as 0.8717 support turned resistance holds.

Daily Pivots: (S1) 0.8573; (P) 0.8596; (R1) 0.8616; More…

Intraday bias in EUR/GBP remains neutral and further decline remains in favor. On the downside, break of 0.8517 will resume the whole fall from 0.8977. On the upside, above 0.8657 resistance will resume the rebound from 0.8517 towards 0.8717 support turned resistance.

In the bigger picture, the down trend from 0.9267 (2022 high) is still in progress. It’s seen as part of the long term range pattern from 0.9499 (2020 high). Deeper fall could be seen towards 0.8201 (2022 low). But strong support should be seen from there to bring reversal. This will now remain the favored case as long as 0.8717 support turned resistance holds.

Daily Pivots: (S1) 0.8529; (P) 0.8551; (R1) 0.8566; More…

Intraday bias in EUR/GBP stays neutral first, with mixed near term outlook. On the upside, firm break of 0.8670 resistance will revive that case that rebound from 0.8470 is resuming. Intraday bias will be turned back to the upside for 0.8718 resistance first. However, break of 0.8502 will resume the choppy corrective fall from 0.8718 towards 0.8470 low.

In the bigger picture, price actions from 0.9499 are still seen as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn medium term outlook bearish.

Daily Pivots: (S1) 0.8513; (P) 0.8541; (R1) 0.8570; More…

Intraday bias in EUR/GBP stays neutral at this point. On the downside, break of 0.8520 will extend the choppy fall from 0.8718 to retest 0.8470 low. On the upside, though, break of 0.8616 resistance will indicate completion of the correction from 0.8718, and turn bias back to the upside.

In the bigger picture, price actions from 0.9499 are still seen as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn medium term outlook bearish.

EUR/GBP’s rise from 0.8491 resumed last week by breaching 0.8752 resistance. Initial bias stays on the upside this week for 61.8% projection of 0.8491 to 0.8752 from 0.8648 at 0.8809. On the downside, break of 0.8687 support is needed to indicate short term topping. Otherwise, further rally remains in favor in case of retreat.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed completed with three down to to 0.8491. Rise from 0.8491 is seen as another leg inside that pattern from 0.9499 (2020 high). Further rally should be seen to 0.8977 resistance and above. This will remain the favored case as long as 0.8648 support holds.

In the long term picture, long term range pattern is extending. But rise from 0.6935 (2015 low) is expected to resume at a later stage, to 0.9799 (2009 high).

Daily Pivots: (S1) 0.8564; (P) 0.8588; (R1) 0.8601; More…

Intraday bias in EUR/GBP remains neutral first. On the downside, break of of 0.8529 will resume the choppy decline towards retesting 0.8470 low. On the upside, decisive break of 0.8670 will confirm that corrective fall from 0.8718 has completed. Further rise would be seen to resume the rebound from 0.8470.

In the bigger picture, price actions from 0.9499 are still seen as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn medium term outlook bearish.

Daily Pivots: (S1) 0.8312; (P) 0.8345; (R1) 0.8364; More…

Intraday bias in EUR/GBP is back on the downside as recent down trend is resuming. Further fall would be seen to 0.8276 key long term support. On the upside, however, break of 0.8377 resistance will now indicate short term bottoming, and bias back to the upside for stronger rebound.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8598 resistance holds, towards long term support at 0.8276. We’d look for bottoming signal around there to bring reversal. Meanwhile, firm break of 0.8598 will now be an early sign of medium term bottoming and bring stronger rebound. However, sustained break of 0.8276 will argue that the long term trend has reversed.