Daily Pivots: (S1) 0.8502; (P) 0.8524; (R1) 0.8538; More….

Intraday bias in EUR/GBP remains neutral as range trading continues above 0.8507. For now, strong support is still expected from 55 D EMA (now at 0.8498), to complete the correction from 0.8624. Break of 0.8591 resistance will argue that rise from 0.8382 is ready to resume through 0.8624. However, sustained break of 55 D EMA will bring deeper fall to 61.8% retracement of 0.8382 to 0.8624 at 0.8474.

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) 0.8523; (P) 0.8532; (R1) 0.8547; More….

Intraday bias in EUR/GBP remains neutral for the moment. In case of another fall, strong support should be seen from 55 D EMA (now at 0.8498), to complete the correction from 0.8624. Break of 0.8591 resistance will argue that rise from 0.8382 is ready to resume through 0.8624. However, sustained break of 55 D EMA will bring deeper fall to 61.8% retracement of 0.8382 to 0.8624 at 0.8474.

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) 0.8517; (P) 0.8525; (R1) 0.8542; More….

Intraday bias in EUR/GBP is turned neutral with current recovery. IN case of another fall, strong support should be seen from 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494), to complete the correction from 0.8624. Break of 0.8591 resistance will argue that rise from 0.8382 is ready to resume through 0.8624.

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) 0.8507; (P) 0.8523; (R1) 0.8534; More….

Intraday bias in EUR/GBP remains on the downside at this point. Correction from 0.8624 is in progress for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring rebound. But for now, risk will stay on the downside as long as 0.8591 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.

EUR/GBP’s correction from 0.8624 extended lower last week after interim recovery. Initial bias stays on the downside this week for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring rebound. But for now, risk will stay on the downside as long as 0.8591 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.

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) 0.8517; (P) 0.8554; (R1) 0.8572; More….

EUR/GBP’s corrective fall from 0.8624 resumed by breaking through 0.8530. Intraday bias is back on the downside for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring rebound. But for now, risk will stay on the downside as long as 0.8591 resistance holds.

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) 0.8554; (P) 0.8573; (R1) 0.8605; More….

Intraday bias in EUR/GBP is turned neutral first with current retreat, and more consolidations could be seen below 0.8624. But outlook stays bullish as long as 38.2% retracement of 0.8382 to 0.8624 at 0.8532 holds. Firm break of 0.8624 will resume the rally from 0.8382. However, decisive break of 0.8532 will bring deeper fall to 61.8% retracement at 0.8474.

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) 0.8529; (P) 0.8548; (R1) 0.8564; More….

EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias is back on the upside for retesting 0.8624 first. Break there will resume the rally from 0.8382. However, decisive break of 0.8532 will bring deeper fall to 61.8% retracement at 0.8474.

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) 0.8549; (P) 0.8559; (R1) 0.8574; More….

EUR/GBP’s correction from 0.8624 extends lower today and deeper fall could be seen. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, above 0.8567 minor resistance will turn bias back to the upside for retesting 0.8624. However, decisive break of 0.8532 will bring deeper fall to 61.8% retracement at 0.8474.

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) 0.8544; (P) 0.8562; (R1) 0.8573; More….

Intraday bias in EUR/GBP remains neutral for the moment. Some consolidations would be seen below 0.8624, with risk of deeper pullback. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, firm break of 0.8624 will target 0.8643 resistance next.

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.

EUR/GBP retreated after rising to 0.8624 last week and a short term top could be formed ahead of 0.8643 resistance. Some consolidations could be seen now, with risk of deeper pullback. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, firm break of 0.8624 will target 0.8643 resistance next.

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.

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) 0.8542; (P) 0.8583; (R1) 0.8607; More….

EUR/GBP’s break of 0.8561 support argues that a short term top was formed at 0.8624 already. Intraday bias is back on the downside for deeper pullback to 55 4H EMA (now at 0.8531). On the upside, though, break of 0.8624 will resume the rally from 0.8382 to 0.8643 resistance next.

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.

Daily Pivots: (S1) 0.8583; (P) 0.8600; (R1) 0.8623; More….

Intraday bias in EUR/GBP is mildly on the upside with breach of 0.8618 temporary top. Rise from 0.8382 is resuming for 0.8643 resistance. Decisive break there will strengthen the case of larger bullish reversal and target 0.8764 key resistance next. On the downside, however, break of 0.8561 support will turn bias to the downside for deeper pullback.

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.

Daily Pivots: (S1) 0.8578; (P) 0.8597; (R1) 0.8632; More….

Intraday bias in EUR/GBP is turned neutral with 4H MACD crossed below signal line. Some consolidations would be seen below 0.8618 first. Downside should be contained above 0.8517 minor support to bring another rally. Above 0.8618 will resume the rise from 0.8382 to 0.8643 resistance. Decisive break there will strengthen the case of larger bullish reversal and target 0.8764 key resistance next.

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.

Daily Pivots: (S1) 0.8521; (P) 0.8571; (R1) 0.8619; More….

Intraday bias in EUR/GBP remains on the upside at this point. Further rise should be seen to 0.8643 resistance. Decisive break there will strengthen the case of larger bullish reversal and target 0.8764 key resistance next. On the downside, though, below 0.8550 minor support 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. However, firm break of 0.8643 will indicate that such down trend has completed, and turn outlook bullish.

Daily Pivots: (S1) 0.8476; (P) 0.8505; (R1) 0.8551; More….

EUR/GBP’s rally continues today and intraday bias stays on the upside. Sustained break of above falling channel resistance (now at 0.8555) will raise the chance of larger bullish trend reversal and target 0.8643 resistance next. On the downside, below 0.8517 minor support 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. However, firm break of 0.8643 will indicate that such down trend has completed, and turn outlook bullish.

EUR/GBP’s rise from 0.8382 accelerated higher last week and the strong break of 0.8498 resistance argues that fall form 0.8643 has completed with five waves down to 0.8382. Initial bias stays on the upside this week for channel resistance (now at (now at 0.8560). Sustained break there will raise the chance of larger bullish trend reversal and target 0.8643 resistance next. On the downside, below 0.8482 minor support 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. However, firm break of 0.8643 will indicate that such down trend has completed, and turn outlook bullish.

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) 0.8409; (P) 0.8429; (R1) 0.8441; More….

Immediate focus is now on 0.8498 resistance in EUR/GBP as rebound from 0.8382 accelerates higher. Decisive break there will indicate that fall from 0.8643 has completed with five waves down to 0.8382. Further rally should then be seen to channel resistance (now at 0.8560). Nevertheless, rejection by 0.8498 will retain near term bearishness for another fall through 0.8382 later.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 key support (2022 low). For now, outlook will remain bearish as long as 0.8643 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.8409; (P) 0.8429; (R1) 0.8441; More….

Intraday bias in EUR/GBP remains neutral for the moment. Consolidation from 0.8382 might extend with stronger recovery. But outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 from 0.8463 at 0.8274.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 key support (2022 low). For now, outlook will remain bearish as long as 0.8643 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.8414; (P) 0.8422; (R1) 0.8433; More….

Intraday bias in EUR/GBP stays neutral as consolidation from 0.8382 is still in progress. Outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 from 0.8463 at 0.8274.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 key support (2022 low). For now, outlook will remain bearish as long as 0.8643 resistance holds, even in case of strong rebound.