Daily Pivots: (S1) 0.8559; (P) 0.8579; (R1) 0.8604; More…

EUR/GBP recovers ahead of 0.8537 low but upside momentum is weak so far. Intraday bias remains neutral first. On the upside, break of 0.8650 minor resistance will turn bias to the upside for 0.8729 resistance. Firm break there will reaffirm the case of short term bottoming, and bring stronger rebound for 0.8861 support turned resistance. On the downside, 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) 0.8561; (P) 0.8580; (R1) 0.8606; More…

Intraday bias in EUR/GBP stays neutral at this point. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support. On the upside, break of 0.8729 resistance will turn bias to the upside for stronger rebound, towards 0.8861 support turned resistance.

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.+

EUR/GBP gyrated lower last week but is still holding above 0.8537 low. Initial bias stays neutral this week first. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support. On the upside, break of 0.8729 resistance will turn bias to the upside for stronger rebound, towards 0.8861 support turned resistance.

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.

In the long term picture, rise from 0.6935 (2015 low) is still in progress. It could be resuming long term up trend from 0.5680 (2000 low). Break of 0.9799 (2008 high) is expected down the road, as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8548; (P) 0.8565; (R1) 0.8582; More…

Intraday bias in EUR/GBP stays neutral for the moment. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8759).

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) 0.8547; (P) 0.8563; (R1) 0.8576; More…

Intraday bias in EUR/GBP remains neutral at his point. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8766).

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) 0.8550; (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) 0.8550; (P) 0.8588; (R1) 0.8609; More…

EUR/GBP is staying in range of 0.8537/8729 and intraday bias remains neutral first. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8790). However, firm break of 0.8537 will resume the decline 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) 0.8593; (P) 0.8623; (R1) 0.8642; More…

Intraday bias in EUR/GBP remains neutral at this point and some more consolidations could be seen. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8791). However, firm break of 0.8537 will resume the decline 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.

EUR/GBP stayed in range of 0.8537/8729 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8798). However, firm break of 0.8537 will resume the decline 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.

In the long term picture, rise from 0.6935 (2015 low) is still in progress. It could be resuming long term up trend from 0.5680 (2000 low). Break of 0.9799 (2008 high) is expected down the road, as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8591; (P) 0.8623; (R1) 0.8649; More…

Intraday bias in EUR/GBP remains neutral first, and risk stays on the upside as long as 0.8537 support holds. Break of 0.8729 will resume the rebound to 55 day EMA (now at 0.8798). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. However, firm break of 0.8537 will resume the decline 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) 0.8623; (P) 0.8646; (R1) 0.8669; More…

Outlook in EUR/GBP remains unchanged and intraday bias stays neutral first. Risk remains on the upside as long as 0.8537 support holds. Break of 0.8729 will resume the rebound to 55 day EMA (now at 0.8806). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. However, firm break of 0.8537 will resume the decline 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) 0.8642; (P) 0.8655; (R1) 0.8672; More…

Intraday bias in EUR/GBP stays neutral at this point. Also, risk remains on the upside as long as 0.8537 support holds. Break of 0.8729 will resume the rebound to 55 day EMA (now at 0.8818). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. However, firm break of 0.8537 will resume the decline 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) 0.8624; (P) 0.8647; (R1) 0.8673; More…

Intraday bias in EUR/GBP remains neutral for the moment. Risk stays on the upside as long as 0.8537 support holds. Break of 0.8729 will resume the rebound to 55 day EMA (now at 0.8818). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. However, firm break of 0.8537 will resume the decline 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) 0.8639; (P) 0.8685; (R1) 0.8714; More…

Intraday bias in EUR/GBP is turned neutral with today’s retreat. But risk stays on the upside as long as 0.8537 support holds. Break of 0.8729 will resume the rebound to 55 day EMA (now at 0.8824). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. However, firm break of 0.8537 will resume the decline 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.

EUR/GBP dropped further to 0.8537 last week, but rebound strongly just ahead of 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. A short term bottom should be formed and initial bias remains on the upside this week. Further rise could be seen to 55 day EMA (now at 0.8837). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. Also, for now, risk will stay mildly on the upside as long as 0.8537 holds, in case of retreat.

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.

In the long term picture, rise from 0.6935 (2015 low) is still in progress. It could be resuming long term up trend from 0.5680 (2000 low). Break of 0.9799 (2008 high) is expected down the road, as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8624; (P) 0.8661; (R1) 0.8724; More…

EUR/GBP’s break of 0.8653 minor resistance indicates short term bottoming at 0.8537, just ahead of 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. Intraday bias is back on the upside for 55 day EMA (now at 0.8832). For now, risk will be mildly on the upside as long as 0.8537 holds, in case of retreat.

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) 0.8558; (P) 0.8587; (R1) 0.8635; More…

Intraday bias in EUR/GBP is turned neutral with current recovery. We’d continue to pay attention to bottoming signal around 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. On the upside, break of 0.8653 minor resistance will turn bias to the upside for rebound, back towards 0.8737 resistance. However, sustained break of 0.8533 could carry larger bearish implications and target 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) 0.8590; (P) 0.8622; (R1) 0.8638; More…

EUR/GBP drops to as low as 0.8537 so far, just inch above 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. We’d pay attention to bottoming signal around current level. Break of 0.8653 minor resistance will turn bias to the upside for rebound, back towards 0.8737 resistance. However, sustained break of 0.8533 could carry larger bearish implications and target 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) 0.8632; (P) 0.8647; (R1) 0.8660; More…

EUR/GBP’s fall is still in progress and intraday bias remains on the downside. It’s now in the third leg of the corrective pattern from 0.9499. Deeper decline would be seen to 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. We’ll look for bottoming signal around there. On the upside, break of 0.8790 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8636; (P) 0.8657; (R1) 0.8674; More…

Intraday bias in EUR/GBP remains on the downside at this point. It’s seen as in the third leg of the corrective pattern from 0.9499. Deeper decline would be seen to 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. We’ll look for bottoming signal around there. On the upside, break of 0.8790 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).