Every day Pivots: (S1) 0.8550; (P) 0.8568; (R1) 0.8580; Extra…
EUR/GBP’s break of 0.8548/54 signifies down pattern resumption. Intraday bias is again on the draw back. Subsequent goal is 0.8491 low, after which 0.8464 projection degree. On the upside, above 0.8591 minor resistance will flip intraday bias impartial and convey 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.
