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.

Daily Pivots: (S1) 0.8636; (P) 0.8654; (R1) 0.8667; More…

No change in EUR/GBP’s outlook as consolidations continue below 0.8752 short term top. 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.

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) 0.8645; (P) 0.8664; (R1) 0.8675; More…

Consolidation from 0.8752 short term top is still extending and intraday bias in EUR/GBP remains 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.

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.

EUR/GBP jumped to 0.8742 last week but reversed ahead of 0.8752 resistance. Consolidations pattern from 0.8752 is still extending and initial bias stays neutral this week first. 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.

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 0.8491) 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) 0.8646; (P) 0.8695; (R1) 0.8726; More…

EUR/GBP’s corrective pattern form 0.8752 is extending and intraday bias stays neutral. Deeper decline might be seen but 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.

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 0.8493) holds.

Daily Pivots: (S1) 0.8707; (P) 0.8720; (R1) 0.8742; More…

EUR/GBP’s steep decline and break of 0.8678 support suggests that consolidation pattern from 0.8752 is extending with another falling leg. Deeper decline might be seen but 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.

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 0.8493) holds.

Daily Pivots: (S1) 0.8707; (P) 0.8720; (R1) 0.8742; More…

Range trading continues in EUR/GBP and intraday bias remains neutral On the upside, firm break of 0.8752 will resume the rise from 0.8354 towards 0.8867 fibonacci level. On the downside, below 0.8678 will extend the corrective pattern from 0.8752 with another falling leg. But downside should be contained by 38.2% retracement of 0.8354 to 0.8752 at 0.8600.

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 0.8493) holds.

Daily Pivots: (S1) 0.8674; (P) 0.8707; (R1) 0.8736; More…

Intraday bias in EUR/GBP remains neutral, and consolidations from 0.8572 short term top could extend. But in case of another fall, 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.

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 0.8493) holds.

Daily Pivots: (S1) 0.8689; (P) 0.8709; (R1) 0.8732; More…

Range trading continues in EUR/GBP and intraday bias remains neutral. Consolidations could extend below 0.8572 short term top. But in case of another fall, 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.

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 0.8493) holds.

Daily Pivots: (S1) 0.8666; (P) 0.8698; (R1) 0.8759; More…

Intraday bias in EUR/GBP stays neutral for the moment. Some more consolidations could be seen below 0.8752. But in case of another fall, 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.

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 0.8493) holds.

EUR/GBP staged a deep pullback to 0.8609 last week but rebounded just ahead of 38.2% retracement of 0.8354 to 0.8752 at 0.8600. Initial bias is turn neutral this week first. Corrective pattern from from 0.8752 could still extend. But in case of another fall, downside should be contained by 0.8600. Firm break of 0.8752 will resume the rise from 0.8354 towards 0.8867 fibonacci level.

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 0.8485) 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) 0.8597; (P) 0.8628; (R1) 0.8676; More…

EUR/GBP recovered after dipping to 0.8609 and intraday bias is turned neutral first. While correction from 0.8752 might extend, strong support should emerge from 55 D EMA (now at 0.8576) to bring rebound. On the upside, above 0.8684 minor resistance will turn intraday bias neutral first. However, sustained trading below 55 D EMA will raise the chance of near term bearish reversal.

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 0.8486) holds.

Daily Pivots: (S1) 0.8598; (P) 0.8628; (R1) 0.8645; More…

Intraday bias in EUR/GBP remains on the downside at this point. Fall from 0.8752 is seen as correcting the rise form 0.8354 for now. Deeper decline could be seen through 38.2% retracement of 0.8354 to 0.8752 at 0.8600. But strong support might emerge from 55 D EMA (now at 0.8576) to bring rebound. On the upside, above 0.8684 minor resistance will turn intraday bias neutral first. However, sustained trading below 55 D EMA will raise the chance of near term bearish reversal.

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 0.8486) holds.

Daily Pivots: (S1) 0.8632; (P) 0.8658; (R1) 0.8675; More…

The firm break of 55 4H EMA (now at 0.8672) confirms short term topping at 0.8752. Fall from there is seen as correcting the rise from 0.8354. Intraday bias is mildly on the downside for 38.2% retracement of 0.8354 to 0.8752 at 0.8600. On the upside, above 0.8684 minor resistance will turn intraday bias neutral again first.

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 0.8486) holds.

Daily Pivots: (S1) 0.8642; (P) 0.8700; (R1) 0.8735; More…

Intraday bias in EUR/GBP is turned neutral first with current steep retreat. Considering bearish divergence condition in 4H MACD, sustained trading below 55 4H EMA (now at 0.8678) will confirm short term topping. Deeper pullback should then be seen to 38.2% retracement of 0.8354 to 0.8752 at 0.8600.

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 0.8486) holds.

Daily Pivots: (S1) 0.8699; (P) 0.8721; (R1) 0.8762; More…

Intraday bias in EUR/GBP remains on the upside at this point. Current rally is part of the whole medium term rise from 0.8221. Sustained trading above 0.8737 will pave the way to 0.8867 fibonacci level. For now, outlook will stay bullish as long as 0.8645 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 0.8486) holds.

EUR/GBP’s rally from 0.8354 continued last week and breached 0.8737 resistance before closing strongly. Initial bias stays on the upside this week. Sustained trading above 0.8737 will resume the whole rise from 0.8221. Next target is 0.8867 fibonacci level. For now, outlook will stay bullish as long as 0.8645 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 0.8476) 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) 0.8672; (P) 0.8691; (R1) 0.8716; More…

EUR/GBP’s rise from 0.8354 resumed by breaking 0.8696 resistance and intraday bias is back on the upside. Further rally should be seen to retest 0.8737 high. Firm break there will extend the rise from 0.8221 towards 0.8867 fibonacci level. On the downside, however, break of 0.8645 will suggest short term topping, and turn bias to the downside for deeper pullback.

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, firm break of 0.8737 will still pave the way to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. For now, further rise will remain in favor as long as 55 W EMA (now at 0.8474) holds.

Daily Pivots: (S1) 0.8647; (P) 0.8669; (R1) 0.8690; More…

Intraday bias in EUR/GBP remains neutral as sideway consolidations continue below 0.8696. Further rally is expected with 0.8607 support intact. On the upside, above 0.8696 will bring retest of 0.8737 high. However, firm break of 0.8607 will confirm short term topping, on bearish divergence condition in 4H MACD. Deeper fall should be seen back to 55 D EMA (now at 0.8559).

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, firm break of 0.8737 will still pave the way to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. For now, further rise will remain in favor as long as 55 W EMA (now at 0.8474) holds.

Daily Pivots: (S1) 0.8667; (P) 0.8681; (R1) 0.8698; More…

EUR/GBP is staying in consolidations below 0.8696 and intraday bias remains neutral. Further rally is expected with 0.8607 support intact. On the upside, above 0.8696 will bring retest of 0.8737 high. However, firm break of 0.8607 will confirm short term topping, on bearish divergence condition in 4H MACD. Deeper fall should be seen back to 55 D EMA (now at 0.8555).

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, firm break of 0.8737 will still pave the way to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. For now, further rise will remain in favor as long as 55 W EMA (now at 0.8474) holds.