Daily Pivots: (S1) 0.9157; (P) 0.9167; (R1) 0.9180; More

Intraday bias in EUR/GBP remains on the upside for the moment. Current rise from 0.8312 is still in progress for 0.9304 high. At this point, there is no clear sign of up trend resumption yet. Hence, we’ll be cautious on strong resistance from 0.9304 to limit upside and bring another fall. On the downside, break of 0.9110 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 0.9304 are viewed as a medium term corrective pattern. It’s uncertain whether it is finished yet. But in case of another fall, we’d expect strong support from 0.8116 cluster support (50% retracement of 0.6935 to 0.9304 at 0.8120) to contain downside and bring rebound. Whole up trend from 0.6935 is expected to resume after consolidation from 0.9304 completes.

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.

Daily Pivots: (S1) 0.8548; (P) 0.8573; (R1) 0.8586; More…

Intraday bias in EUR/GBP is turned neutral first with 4H MACD crossed below signal line. Overall outlook stays bearish with 0.8667 resistance holds. On the downside, below 0.8559 minors support will turn bias to the downside for retesting 0.8491 low first. Firm break there will resume larger down trend.

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) 0.8470; (P) 0.8496; (R1) 0.8515; More….

Intraday bias in EUR/GBP remains on the downside as fall from 0.8624 is in progress. Firm break of 61.8% retracement of 0.8382 to 0.8624 at 0.8474. will argue that recent down trend is ready to resume through 0.8382 low. For now, risk will stay on the downside as long as 0.8543 minor resistance holds, in case of recovery.

In the bigger picture, while the rebound from 0.8382 is strong, there is no confirmation of trend reversal yet. As long as 0.8643 resistance holds, down trend from 0.9267 could still resume through 0.8382 at a later stage. However, firm break of 0.8643 will indicate that such down trend has completed, and turn outlook bullish for 0.8764 resistance next.

Daily Pivots: (S1) 0.8450; (P) 0.8463; (R1) 0.8475; More….

Intraday bias in EUR/GBP remains on the downside despite some loss of momentum as seen in 4H MACD. Fall from 0.8624 is in progress for retesting 0.8382 low. Decisive break there will resume larger down trend. On the upside, above 0.8491 minor resistance will turn intraday bias neutral first.

In the bigger picture, while the rebound from 0.8382 is strong, there is no confirmation of trend reversal yet. As long as 0.8643 resistance holds, down trend from 0.9267 could still resume through 0.8382 at a later stage towards 0.8201 (2022 low). However, firm break of 0.8643 will indicate that such down trend has completed, and turn outlook bullish for 0.8764 resistance next.

Daily Pivots: (S1) 0.8869; (P) 0.8889; (R1) 0.8909; More…

EUR/GBP’s rebound form 0.8722 is still in progress. Intraday bias stays on the upside for On the downside, break of 0.8825 minor support will suggest that the choppy corrective rebound is completed. And, intraday bias will be turned back to the downside for 0.8722 and possibly below.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). On the downside, break of 0.8722 will extend the falling leg through 0.8620 support. On the upside, break of 0.9097 will target 0.9304 resistance instead.

Daily Pivots: (S1) 0.8889; (P) 0.8905; (R1) 0.8929; More…

EUR/GBP recovers strongly after hitting 0.8864. But upside is limited well below 0.8957 so far. Intraday bias stays neutral first. Overall, while correction from 0.8957 may extend, as long as 0.8815 support holds, larger rally is expected to continue. On the upside, decisive break of 0.8967 cluster resistance (50% retracement of 0.9305 to 0.8620 at 0.8963) should confirm completion of whole decline from 0.9305. EUR/GBP should then target 61.8% retracement at 0.9043 next.

In the bigger picture, EUR/GBP is staying in long term range pattern from 0.9304 (2016 high). The corrective structure of the fall from 0.9305 to 0.8620 is raising the chance that rise from 0.8312 to 0.9305 is an impulsive move. But we’re not too confident on it yet. In any case, we’d stay cautious on strong resistance from 0.9304/5 to limit upside in case of further rally. Meanwhile, if there is another medium term decline, strong support will likely be seen from 0.8303 to contain downside.

Daily Pivots: (S1) 0.8446; (P) 0.8453; (R1) 0.8464; More…

Intraday bias in EUR/GBP remains neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8495) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest that the corrective recovery has completed. Intraday bias will be back on the downside for retesting of 0.8396 low. Firm break there will resume larger down trend.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 100% projection of 0.8764 to 0.8497 from 0.8643 at 0.8376. Sustained break there will target 161.8% projection at 0.8211 next. For now, outlook will remain bearish as long as 0.8643 resistance holds, even in case of stronger rebound.

Daily Pivots: (S1) 0.8338; (P) 0.8370; (R1) 0.8401; More…

Outlook in EUR/GBP is unchanged and intraday bias remains neutral first. Consolidation from 0.8276 might be in it’s third leg. On the upside, break of 0.8415 will turn bias to the upside for 0.8537/8595 resistance zone. On the downside, decisive break of 0.8276 will confirm resumption of whole fall from 0.9324.

In the bigger picture, decline from 0.9324 medium term top is still in progress. As long as 0.8595 holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8595 will argue that fall from 0.9324 has completed and bring stronger rebound.

Daily Pivots: (S1) 0.8542; (P) 0.8568; (R1) 0.8604; More…

EUR/GBP’s strong break of 0.8617 resistance confirms resumption of rise from 0.8201. Intraday bias is now on the upside for 0.8697 medium term fibonacci level. Sustained break there will carry larger bullish implication and target next fibonacci level at 0.9003. On the downside, below 0.8593 minor support will turn intraday bias neutral first. But outlook will stay bullish as long as 0.8484 support holds.

In the bigger picture, rise from 0.8201 medium term bottom could could either be a correction to the down trend from 0.9499 (2020 high), or a medium term up trend itself. Sustained break of 38.2% retracement of 0.9499 to 0.8201 at 0.8697 will affirm the latter case, and pave the way to 61.8% retracement at 0.9003.

EUR/GBP extended the consolidations from 0.8399 last week and outlook is unchanged. Initial bias remains neutral this week first. While stronger recovery might be seen, outlook will stay bearish as long as 0.8466 resistance holds. Break of 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will resume larger down trend.

In the bigger picture, as long as 0.8624 resistance holds, down trend from 0.9267 is expected to continue. Firm break of 0.8382 will target 0.8201 (2022 low). However, decisive break of 0.8624 will indicate that such down trend has completed, and turn outlook bullish for 0.8764 resistance next.

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) 0.8550; (P) 0.8568; (R1) 0.8586; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8774). However, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support.

In the bigger picture, 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. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8539; (P) 0.8551; (R1) 0.8565; More…

EUR/GBP’s decline is still in progress despite loss of downside momentum. Intraday bias stays on the downside. Current fall from 0.8713 is part of the larger down trend. Deeper decline should be seen to 0.8491 low, and then 0.8464 projection level. On the upside, above 0.8591 minor resistance will turn intraday bias neutral and bring consolidations again.

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) 0.8327; (P) 0.8352; (R1) 0.8371; More…

EUR/GBP’s fall from 0.8476 resumed by breaking 0.8344 and intraday bias is back on the downside for retesting 0.8282 low. Sustained break of 0.8276 key long term support will carry larger bearish implication. On the upside, above 0.8401 minor resistance will turn bias back to the upside for 0.8476 resistance. Break there will resume the rebound from 0.8282.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen a corrective pattern that should be contained by 0.8276 long term support (2019 low). Bullish convergence condition in daily MACD and break of 55 day EMA raises the chance that it might be completed. Sustained trading above 38.2% retracement of 0.9499 to 0.8282 at 0.8747 will affirm this bullish case. However, sustained break of 0.8276 will argue that the long term trend has reversed.

Daily Pivots: (S1) 0.8629; (P) 0.8641; (R1) 0.8659; More….

Intraday bias in EUR/GBP is turned neutral first but further decline is in favor with 0.8654 resistance intact. Below 0.8614 will resume the choppy fall form 0.8704 to 0.8568 support next. However, above 0.8654 minor resistance will turn intraday bias back to the upside for retesting 0.8700/4 resistance zone 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). Decisive break of 0.8700 resistance will argue that this decline has completed with three waves down to 0.8491. Rise from 0.8491 could then be another leg inside the pattern and targets 0.8977 and above. However, rejection by 0.8700 will keep the down trend alive for another fall through 0.8491 at a later stage.

Daily Pivots: (S1) 0.8786; (P) 0.8808; (R1) 0.8820; More…

EUR/GBP is still bounded in range of 0.8727/8844 and intraday bias remains neutral. On the upside, break of 0.8844 will revive the case of bullish trend reversal. Intraday bias will be turned back to the upside for 0.8967 cluster resistance (50% retracement of 0.9305 to 0.8620 at 0.8963) to confirm. On the downside, however, below 0.8727 will target a test on 0.8620 low instead.

In the bigger picture, for now, the decline from 0.9305 is seen as a leg inside the long term consolidation pattern from 0.9304 (2016 high). Such consolidation pattern could extend further. Hence, in case of strong rally, we’d be cautious on strong resistance by 0.9304/5 to limit upside. Meanwhile, in another decline attempt, we’d expect strong support from 0.8116 cluster support (50% retracement of 0.6935 to 0.9304 at 0.8120) to contain downside.

Daily Pivots: (S1) 0.8526; (P) 0.8542; (R1) 0.8549; More…

Intraday bias in EUR/GBP remains neutral for the moment. 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) 0.8332; (P) 0.8354; (R1) 0.8393; More…

EUR/GBP’s break of 0.8377 resistance indicates short term bottoming at 0.8304, on bullish convergence condition in 4 hour MACD, ahead of 0.8276 low. Intraday bias is back on the upside for 55 day EMA (now at 0.8422). Sustained break there will pave the way back to 0.8598 key structural resistance next. For now, risk will be mildly on the upside as long as 0.8304 support holds, in case of retreat.

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.

Daily Pivots: (S1) 0.8750; (P) 0.8781; (R1) 0.8809; More…

EUR/GBP is staying in consolidation above 0.8722 and intraday bias remains neutral. Also, with 0.8847 support turned resistance intact, deeper fall is expected. On the downside, break of 0.8772 will target 0.8620 low first. Decisive break there will resume whole down trend from 0.9304. In that case, next target will be 100% projection of 0.9305 to 0.8620 from 0.9097 at 0.8412.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current development suggests that fall from 0.9303, as a down leg in the pattern, is still in progress. But in case of deeper fall, downside should be contained by 0.8116 cluster support, 50% retracement of 0.6935 (2015 low) to 0.9304 at 0.8120, to bring rebound.

Daily Pivots: (S1) 0.8320; (P) 0.8340; (R1) 0.8374; More…

Intraday bias in EUR/GBP is turned neutral as it recovered after touching 0.8304 support. Near term outlook stays bearish as long as 0.8421 resistance holds. Break of 0.8304 will resume larger down trend towards 0.8276 key long term support. However, break of 0.8421 resistance will be a sign of bullish reversal. Further rise would be seen back to 0.8598 structural resistance next.

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.