Daily Pivots: (S1) 0.8660; (P) 0.8685; (R1) 0.8699; More…

Intraday bias in EUR/GBP remains mildly on the upside, and further rise should be seen to retest 0.8752 resistance. Firm break there will resume whole rally from 0.8221. Next target is 0.8867 fibonacci level. For now, risk will stay on the upside as long as 0.8636 support holds, in case of retreat.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8513) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8651; (P) 0.8682; (R1) 0.8722; More…

Intraday bias in EUR/GBP stays on the upside for retesting 0.8752 resistance. Firm break there will resume whole rally from 0.8221. Next target is 0.8867 fibonacci level. For now, further rise is expected as long as 0.8636 support holds, in case of retreat.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8513) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8632; (P) 0.8652; (R1) 0.8665; More…

EUR/GBP’s strong rally today solidifies the case that corrective pattern from 0.8752 has completed at 0.8595. Intraday bias is back on the upside for retesting 0.8752. Firm break there will resume whole rally from 0.8221. Next target is 0.8867 fibonacci level. For now, further rise is expected as long as 0.8636 support holds, in case of retreat.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8513) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8632; (P) 0.8652; (R1) 0.8665; More…

EUR/GBP failed to sustain above 0.8670 resistance and retreated, and intraday bias stays neutral. On the upside, firm break of 0.8672 resistance will retain near term bullishness and extend the rebound from 0.8595 to retest 0.8752 high. However, sustained trading below 38.2% retracement of 0.8354 to 0.8752 at 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8513) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8635; (P) 0.8655; (R1) 0.8673; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, firm break of 0.8670 resistance will retain near term bullishness and extend the rebound from 0.8595 to retest 0.8752 high. However, sustained trading below 38.2% retracement of 0.8354 to 0.8752 at 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8513) will argue that the pattern has completed and bring retest of 0.8221 low.

EUR/GBP gyrated in range above 0.8595 last week and initial bias stays neutral this week first. On the upside, firm break of 0.8670 resistance will retain near term bullishness and extend the rebound from 0.8595 to retest 0.8752 high. However, sustained trading below 38.2% retracement of 0.8354 to 0.8752 at 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8502) will argue that the pattern has completed and bring retest of 0.8221 low.

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) 0.8624; (P) 0.8637; (R1) 0.8658; More…

Range trading continues in EUR/GBP and intraday bias stays neutral. On the downside, sustained trading below 38.2% retracement of 0.8354 to 0.8752 at 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506. On the upside, above 0.8670 will retain near term bullishness, and turn bias to the upside for retesting 0.8752 high.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8508) holds.

Daily Pivots: (S1) 0.8605; (P) 0.8627; (R1) 0.8645; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the downside, sustained trading below 38.2% retracement of 0.8354 to 0.8752 at 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506. On the upside, above 0.8670 will resume the rebound from 0.8595 to retest 0.8752 high.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8508) holds.

Daily Pivots: (S1) 0.8615; (P) 0.8632; (R1) 0.8656; More…

Intraday bias in EUR/GBP stays neutral for the moment. On the downside, sustained trading below 38.2% retracement of 0.8354 to 0.8752 at 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506. On the upside, above 0.8670 will resume the rebound from 0.8595 to retest 0.8752 high.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8508) holds.

Daily Pivots: (S1) 0.8619; (P) 0.8647; (R1) 0.8666; More…

EUR/GBP’s break of 0.8630 dampened the original bullish view and turn intraday bias neutral. On the downside, sustained trading below 38.2% retracement of 0.8354 to 0.8752 at 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506. On the upside, above 0.8670 will resume the rebound from 0.8595 to retest 0.8752 high.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8508) holds.

Daily Pivots: (S1) 0.8649; (P) 0.8660; (R1) 0.8681; More…

Intraday bias in EUR/GBP stays mildly on the upside at this point. Corrective pattern form 0.8752 could have completed with three waves to 0.8595. Further rise should be seen to retest 0.8752 high next. On the downside, below 0.8638 minor support will turn intraday bias neutral again first. Sustained trading below 38.2% retracement of 0.8354 to 0.8752 at 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8508) holds.

Daily Pivots: (S1) 0.8644; (P) 0.8656; (R1) 0.8665; More…

Intraday bias in EUR/GBP remains mildly on the upside for the moment. Corrective pattern from 0.8752 should have completed at 0.8595 after hitting 38.2% retracement of 0.8354 to 0.8752 at 0.8600. Further rise should be seen to retest 0.8752. Firm break there will resume larger rebound from 0.8221. For now, risk will stay on the upside as long as 0.8595 support holds, in case of retreat.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8501) holds.

Daily Pivots: (S1) 0.8623; (P) 0.8645; (R1) 0.8682; More…

EUR/GBP’s break of 0.8652 resistance suggests that corrective pattern from 0.8752 has completed at 0.8595 after hitting 38.2% retracement of 0.8354 to 0.8752 at 0.8600. Intraday bias is back on the upside for retesting 0.8752. Firm break there will resume larger rebound from 0.8221. For now, risk will stay on the upside as long as 0.8595 support holds, in case of retreat.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8501) holds.

Daily Pivots: (S1) 0.8612; (P) 0.8630; (R1) 0.8651; More…

EUR/GBP dips notably today but stays above 0.8595 temporary low. Intraday bias stays neutral for the moment. On the upside, break of 0.8652 will suggest that the corrective pattern from 0.8752 has completed after drawing support from 38.2% retracement of 0.8354 to 0.8752 at 0.8600, and retain near term bullishness. Intraday bias will be back on the upside for retesting 0.8752 high next. However, sustained break of 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8501) holds.

Daily Pivots: (S1) 0.8622; (P) 0.8633; (R1) 0.8646; More…

Range trading continues in EUR/GBP above 0.8595 and intraday bias stays neutral. On the upside, break of 0.8652 will suggest that the corrective pattern from 0.8752 has completed after drawing support from 38.2% retracement of 0.8354 to 0.8752 at 0.8600, and retain near term bullishness. Intraday bias will be back on the upside for retesting 0.8752 high next. However, sustained break of 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8501) holds.

Daily Pivots: (S1) 0.8614; (P) 0.8626; (R1) 0.8648; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, break of 0.8652 will suggest that the corrective pattern from 0.8752 has completed after drawing support from 38.2% retracement of 0.8354 to 0.8752 at 0.8600, and retain near term bullishness. Intraday bias will be back on the upside for retesting 0.8752 high next. However, sustained break of 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8501) holds.

EUR/GBP fell to as low as 0.08595 last week but recovered after drawing support from 38.2% retracement of 0.8354 to 0.8752 at 0.8600. Initial bias is turned neutral this week first. On the upside, break of 0.8652 will suggest that the corrective pattern from 0.8752 has completed and retain near term bullishness. Intraday bias will be back on the upside for retesting 0.8752 high next. However, sustained break of 0.8600 will indicate near term bearish reversal and target 61.8% retracement at 0.8506.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8496) holds.

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) 0.8594; (P) 0.8612; (R1) 0.8627; More…

Focus stays on 38.2% retracement of 0.8354 to 0.8752 at 0.8600 in EUR/GBP. Sustained break there indicate near term bearish reversal and target 61.8% retracement at 0.8506. Strong rebound from current level will maintain bullishness for another rise through 0.8752 at a later stage.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8497) holds.

Daily Pivots: (S1) 0.8607; (P) 0.8631; (R1) 0.8643; More…

Immediate focus is now on 38.2% retracement of 0.8354 to 0.8752 at 0.8600 as fall from 0.8742 accelerates. Sustained break there indicate near term bearish reversal and target 61.8% retracement at 0.8506. Strong rebound from current level will maintain bullishness for another rise through 0.8752 at a later stage.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8497) holds.

Daily Pivots: (S1) 0.8625; (P) 0.8640; (R1) 0.8661; More…

EUR/GBP is still extending consolidation from 0.8752 short term top and intraday bias stays neutral. Downside should be contained by 38.2% retracement of 0.8354 to 0.8752 at 0.8600. On the upside, firm break of 0.8752 will resume the rise from 0.8354 towards 0.8867 fibonacci level. However, sustained break of 0.8600 will indicate near term reversal and target 61.8% retracement at 0.8506.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise is expected to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. This will remain the favored case as long as 55 W EMA (now at 0.8497) holds.