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Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2802; More… GBP/USD’s break of 1.2687 support argues that rise from 1.2298 might have completed at 1.2859, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside fro 1.2633 resistance turned support first. Firm break there will target 1.2445 and below. For now, risk […]

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EUR/USD Mid-Day Outlook

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GBP/JPY Weekly Outlook

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24/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… Intraday bias in GBP/JPY remains mildly on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, below 198.25 […]
05/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8476; (P) 0.8505; (R1) 0.8551; More…. EUR/GBP’s rally continues today and intraday bias stays on the upside. Sustained break of above falling channel resistance (now at 0.8555) will raise the chance of larger bullish trend reversal and target 0.8643 resistance next. On the downside, below 0.8517 minor support will turn intraday bias […]
20/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.36; (P) 169.63; (R1) 170.12; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside break of 170.12 resistance will argue that pull back from 170.87 has completed at167.52, after drawing support from 55 D EMA. Intraday bias will be back on the upside for 170.87 and then 171.58 […]