Daily Pivots: (S1) 0.8497; (P) 0.8515; (R1) 0.8531; More…

EUR/GBP is staying in consolidations below 0.6545 temporary top and intraday bias remains neutral. Further rally is expected as long as 0.8416 support holds. Above 0.8545 will target for 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) 0.8491; (P) 0.8512; (R1) 0.8530; More…

Intraday bias in EUR/GBP remains neutral for consolidations below 0.6545 temporary top. Further rally is expected as long as 0.8416 support holds. Above 0.8545 will target for 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.

EUR/GBP’s rebound from 0.8354 extended higher last week but lost momentum after hitting 0.8545. Initial bias is turned neutral this week first. Further rally is expected as long as 0.8416 support holds. Above 0.8545 will target for 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.

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) 0.8474; (P) 0.8511; (R1) 0.8546; More…

Intraday bias in EUR/GBP remains on the upside for the moment. Current rebound 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 0.8475 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8461; (P) 0.8475; (R1) 0.8494; More…

EUR/GBP’s rise from 0.8354 accelerates higher today and broke 38.2% retracement of 0.8737 to 0.8354 at 0.8500 decisively. Fall from 0.8737 might have already completed. But even if not, further rise should still be seen to 61.8% retracement at 0.8591. On the downside, below 0.8475 minor support will turn intraday bias neutral again first.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8461; (P) 0.8475; (R1) 0.8494; More…

Intraday bias in EUR/GBP remains on the upside as rebound from 0.8354 extends higher today. Sustained break there will target to 61.8% retracement at 0.8591, even still as a corrective move. On the downside, though, break of 0.8413 will bring retest of 0.8354 low instead.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8432; (P) 0.8450; (R1) 0.8483; More…

Intraday bias in EUR/GBP stays on the upside. Rebound from 0.8354 is in progress for 38.2% retracement of 0.8737 to 0.8354 at 0.8500. Strong resistance could be seen from 0.8500 to complete the corrective bounce. On the downside, break of 0.8413 support will bring retest of 0.8354 low. However, firm break of 0.8500 will pave the way to 61.8% retracement at 0.8591 instead.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8419; (P) 0.8424; (R1) 0.8433; More…

EUR/GBP’s rebound from resumed by breaking through 0.8448 resistance, and intraday bias is back on the upside for 38.2% retracement of 0.8737 to 0.8354 at 0.8500. Strong resistance could be seen from 0.8500 to complete the corrective bounce. On the downside, break of 0.8413 support will bring retest of 0.8354 low. However, firm break of 0.8500 will pave the way to 61.8% retracement at 0.8591 instead.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8419; (P) 0.8424; (R1) 0.8433; More…

Intraday bias in EUR/GBP remains neutral and outlook is unchanged. On the upside, above 0.8448 will bring stronger rebound to 38.2% retracement of 0.8737 to 0.8354 at 0.8500. On the downside, below 0.8401 will bring retest of 0.8354 low.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8414; (P) 0.8428; (R1) 0.8440; More…

Intraday bias in EUR/GBP remains neutral at this point. On the upside, above 0.8448 will bring stronger rebound to 38.2% retracement of 0.8737 to 0.8354 at 0.8500. On the downside, below 0.8401 will bring retest of 0.8354 low.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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 stayed in consolidations above 0.8354 short term bottom last week. Initial bias stays neutral this week first. On the upside, above 0.8448 will bring stronger rebound to 38.2% retracement of 0.8737 to 0.8354 at 0.8500. On the downside, below 0.8401 will bring retest of 0.8354 low.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8414; (P) 0.8431; (R1) 0.8451; More…

No change in EUR/GBP’s outlook and intraday bias remains neutral. On the upside, above 0.8448 will resume the rebound to 38.2% retracement of 0.8737 to 0.8354 at 0.8500. On the downside, however, break of 0.8401 minor support will bring retest of 0.8354 low.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8411; (P) 0.8421; (R1) 0.8436; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, above 0.8448 will resume the rebound to 38.2% retracement of 0.8737 to 0.8354 at 0.8500. On the downside, however, break of 0.8401 minor support will bring retest of 0.8354 low.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8397; (P) 0.8424; (R1) 0.8438; More…

EUR/GBP retreated ahead of 0.8458 resistance and intraday bias is turned neutral first. On the upside, above 0.8448 will resume the rebound to 38.2% retracement of 0.8737 to 0.8354 at 0.8500. On the downside, however, break of 0.8401 minor support will bring retest of 0.8354 low.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8432; (P) 0.8441; (R1) 0.8459; More…

EUR/GBP’s rebound from 0.8354 short term bottom is in progress. Intraday bias stays on the upside for 0.8458 resistance, and then 38.2% retracement of 0.8737 to 0.8354 at 0.8500. On the downside, however, break of 0.8401 minor support will bring retest of 0.8354 low.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8412; (P) 0.8425; (R1) 0.8446; More…

Intraday bias in EUR/GBP stays mildly on the upside at this point. Rebound from 0.8354 short term bottom should continue to 0.8458 resistance, and then 38.2% retracement of 0.8737 to 0.8354 at 0.8500. Nevertheless, break of 0.8354 will resume the decline from 0.8737 instead.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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 rebounded after dipping to 0.8354 last week. The development suggests that a short term bottom was formed, on bullish convergence condition in 4H MACD. Initial bias is mildly on the upside this week for 0.8458 resistance, and then 38.2% retracement of 0.8737 to 0.8354 at 0.8500. Nevertheless, break of 0.8354 will resume the decline from 0.8737 instead.

In the bigger picture, price actions from 0.8221 medium term bottom are merely forming a corrective pattern. 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) 0.8376; (P) 0.8404; (R1) 0.8452; More…

EUR/GBP’s break of 0.8400 resistance indicates short term bottoming at 0.8354, on bullish convergence condition in 4H MACD. Rebound from there is seen as a corrective move first. Still, intraday bias is back on the upside for 0.8458 resistance and then 38.2% retracement of 0.8737 to 0.8354 at 0.8500.

In the bigger picture, current development suggests that price actions from 0.8221 medium term bottom are merely forming a corrective pattern. However, 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) 0.8375; (P) 0.8389; (R1) 0.8396; More…

Intraday bias in EUR/GBP remains on the downside, and fall from 0.8737 is in progress for 0.8314 support. Break there will bring retest of 0.8239 low. On the upside, above 0.8400 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 0.8458 resistance holds.

In the bigger picture, current development suggests that price actions from 0.8221 medium term bottom are merely forming a corrective pattern. However, 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) 0.8373; (P) 0.8386; (R1) 0.8399; More…

Intraday bias in EUR/GBP stays on the downside for the moment. Decline from 0.8737 is in progress and should should target 0.8314 support first, and then 0.8239 low. On the upside, above 0.8458 resistance should indicate short term bottoming, likely with bullish convergence condition in 4H MACD, and turn bias back to the upside for stronger rebound.

In the bigger picture, current development suggests that price actions from 0.8221 medium term bottom are merely forming a corrective pattern. However, 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.