Daily Pivots: (S1) 0.8606; (P) 0.8620; (R1) 0.8630; More…

Intraday bias in EUR/GBP remains neutral for consolidations below 0.8668. Further rise is expected as long as 0.8506 support holds. Above 0.8668 will target a retest on 0.8737 high. Decisive break there will resume the whole rise from 0.8221 low.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the downside 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.

Daily Pivots: (S1) 0.8612; (P) 0.8622; (R1) 0.8638; More…

Intraday bias in EUR/GBP remains neutral as consolidations continue below 0.8668. Further rise is expected as long as 0.8506 support holds. Above 0.8668 will target a retest on 0.8737 high. Decisive break there will resume the whole rise from 0.8221 low.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the downside 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.

Daily Pivots: (S1) 0.8602; (P) 0.8622; (R1) 0.8647; More…

EUR/GBP is staying in consolidations below 0.8668 and intraday bias stays neutral. Further rise is expected as long as 0.8506 support holds. Above 0.8668 will target a retest on 0.8737 high. Decisive break there will resume the whole rise from 0.8221 low.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the downside 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.

Daily Pivots: (S1) 0.8606; (P) 0.8622; (R1) 0.8647; More…

Intraday bias in EUR/GBP remains neutral and more consolidations could be seen below 0.8668 temporary top. But further rise is expected as long as 0.8506 support holds. Above 0.8668 will target a retest on 0.8737 high. Decisive break there will resume the whole rise from 0.8221 low.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the downside 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.

EUR/GBP’s rise from 0.8354 accelerated higher to 0.8668 last week, before forming a temporary top there and retreated. Initial bias remains neutral this week and more consolidations could be seen. But further rise is expected as long as 0.8506 support holds. Above 0.8668 will target a retest on 0.8737 high. Decisive break there will resume the whole rise from 0.8221 low.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the downside 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.

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) 0.8591; (P) 0.8624; (R1) 0.8642; More…

Intraday bias in EUR/GBP is turned neutral with current retreat, and some consolidations could be seen below 0.8668 temporary top. Further rally is expected as long as 0.8506 support holds. Above 0.8668 will resume the rally from 0.8354 to retest 0.8737 high. Decisive break there will resume the whole rise from 0.8221 low.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the downside 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.

Daily Pivots: (S1) 0.8565; (P) 0.8581; (R1) 0.8605; More…

Intraday bias in EUR/GBP stays on the upside as rise from 0.8354 is in progress for retesting 0.8737 high. Decisive break there will resume the whole rise from 0.8221 low. On the downside, below 0.8576 minor support will turn intraday bias neutral first.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the downside 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.

Daily Pivots: (S1) 0.8565; (P) 0.8581; (R1) 0.8605; More…

EUR/GBP’s rally from 0.8354 accelerated higher today and powered through 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Intraday bias stays on the upside for retest 0.8737 high. Decisive break there will resume the whole rise from 0.8221 low. On the downside, below 0.8576 minor support will turn intraday bias neutral first.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the downside 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.

Daily Pivots: (S1) 0.8565; (P) 0.8581; (R1) 0.8605; More…

Intraday bias in EUR/GBP remains on the upside as rise from 0.8354 is in progress. Sustained trading above 61.8% retracement of 0.8737 to 0.8354 at 0.8591 will extend the rally from 0.8354 to 0.8737 high. However, firm break of 0.8506 support will suggest rejection by 0.8591, and turn bias back to the downside instead.

In the bigger picture, price actions from 0.8221 medium term bottom are seen as forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

Daily Pivots: (S1) 0.8553; (P) 0.8570; (R1) 0.8600; More…

Intraday bias in EUR/GBP is back on the upside with breach of 0.8573 temporary top. Sustained trading above 61.8% retracement of 0.8737 to 0.8354 at 0.8591 will extend the rally from 0.8354 to 0.8737 high. However, firm break of 0.8506 support will suggest rejection by 0.8591, and turn bias back to the downside instead.

In the bigger picture, price actions from 0.8221 medium term bottom are seen as forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

Daily Pivots: (S1) 0.8516; (P) 0.8534; (R1) 0.8561; More…

Intraday bias in EUR/GBP remains neutral and more consolidations could be seen below 0.8573. Further rally is expected as long as 0.8492 support holds. Above 0.8573 will target 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Sustained break there will pave the way to 0.8737 resistance. However, firm break of 0.8492 will argue that rebound from 0.8354 has completed, and turn bias back to the downside.

In the bigger picture, price actions from 0.8221 medium term bottom are seen as forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

EUR/GBP edged higher to 0.8573 last week but retreated since then. Initial bias stays neutral this week for more consolidations. Further rally is expected as long as 0.8492 support holds. Above 0.8573 will target 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Sustained break there will pave the way to 0.8737 resistance. However, firm break of 0.8492 will argue that rebound from 0.8354 has completed, and turn bias back to the downside.

In the bigger picture, price actions from 0.8221 medium term bottom are seen as forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

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) 0.8515; (P) 0.8527; (R1) 0.8538; More…

EUR/GBP is staying in consolidations below 0.8573 and intraday bias remains neutral. Further rise remains mildly in favor with 0.8492 support intact. Above 0.8573 will target 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break there will pave the way to 0.8373 resistance. However, firm break of 0.8492 will argue that rebound from 0.8354 has completed, and turn bias back to the downside.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

Daily Pivots: (S1) 0.8518; (P) 0.8528; (R1) 0.8543; More…

EUR/GBP is extending consolidation below 0.8573 and intraday bias stays neutral. Further rise remains mildly in favor with 0.8492 support intact. Above 0.8573 will target 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break there will pave the way to 0.8373 resistance. However, firm break of 0.8492 will argue that rebound from 0.8354 has completed, and turn bias back to the downside.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

Daily Pivots: (S1) 0.8546; (P) 0.8560; (R1) 0.8576; More…

Intraday bias in EUR/GBP is turned neutral first with current retreat. Further rise is mildly in favor as long as 0.8492 support holds. Above 0.8573 temporary top will target r 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break there will pave the way to 0.8373 resistance.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

Daily Pivots: (S1) 0.8538; (P) 0.8553; (R1) 0.8581; More…

Intraday bias in EUR/GBP remains on the upside as rise from 0.8354 is in progress for 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break there will pave the way to 0.8373 resistance. On the downside, below 0.8524 minor support will turn intraday bias neutral again.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

EUR/GBP’s rebound from 0.8354 continued last week despite interim retreat. With late break of 0.8563 temporary top, initial bias is back on the upside this week for 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break there will pave the way to 0.8373 resistance. On the downside, below 0.8524 minor support will turn intraday bias neutral again.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

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) 0.8524; (P) 0.8543; (R1) 0.8555; More…

Intraday bias in EUR/GBP is turned neutral with current retreat, and some consolidations could be seen below 0.8563 temporary top first. Further rally will remain in favor as long as 0.8492 support holds. Above 0.8563 will target 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break there will pave the way to 0.8373 resistance.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

Daily Pivots: (S1) 0.8544; (P) 0.8555; (R1) 0.8567; More…

Intraday bias in EUR/GBP stays mildly on the upside at this point. Current rise from 0.8354 should target 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break there will pave the way to 0.8373 resistance. For now, further rally will remain in favor as long as 0.8492 support holds, in case of retreat.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.

Daily Pivots: (S1) 0.8520; (P) 0.8538; (R1) 0.8566; More…

EUR/GBP’s rise from 0.8354 resumed after brief consolidations. Intraday bias is back on the upside for 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break there will pave the way to 0.8373 resistance. For now, further rally will remain in favor as long as 0.8492 support holds, in case of retreat.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern to the down trend from 0.9267 (2022 high). Nevertheless, there is no clear momentum to break through 0.8201 key support (2022 low) yet. Hence, range trading is expected between 0.8221/8737 for now.