Each day Pivots: (S1) 0.8539; (P) 0.8551; (R1) 0.8565; Extra…
EUR/GBP’s decline continues to be in progress regardless of lack of draw back momentum. Intraday bias stays on the draw back. Present fall from 0.8713 is a part of the bigger down pattern. Deeper decline ought to be seen to 0.8491 low, after which 0.8464 projection stage. On the upside, above 0.8591 minor resistance will flip intraday bias impartial and produce consolidations once more.
Within the greater image, fall from 0.8764 is seen as one other leg in the entire down pattern from 0.9267 (2022 excessive). Outlook will keep bearish so long as 0.8713 resistance holds. Break of 0.8491 will goal 61.8% projection of 0.8977 to 0.8491 from 0.8764 at 0.8464.
