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Daily Pivots: (S1) 0.8440; (P) 0.8456; (R1) 0.8472; More… EUR/GBP’s decline continues to as low as 0.8418 so far. Intraday bias remains on the downside for 0.8376 projection level next. On the upside, above 0.8446 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, down […]

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EUR/GBP Daily Outlook

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EUR/USD Mid-Day Outlook

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07/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9405; (P) 0.9427; (R1) 0.9437; More… Intraday bias in EUR/CHF stays on the downside with focus on 0.9407 low. Decisive break there will confirm resumption of larger down trend. On the upside, above 0.9467 minor resistance will delay the bearish case and turn intraday bias neutral for consolidation first. In the bigger […]
28/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2731; (P) 1.2767; (R1) 1.2835; More… GBP/USD’s rally from 1.2036 resumed by breaking through 1.2793 resistance. Intraday bias is back on the upside. Next target is 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. On the downside, below 1.2698 minor support will turn intraday bias neutral again. But further rally […]
13/01/2024

GBP/USD Weekly Outlook

GBP/USD gyrated higher last week but upside is capped below 1.2826 resistance. Initial bias stays neutral this week first, and more sideway trading would be seen. On the upside, decisive break of 1.2826 will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In […]