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GBP/JPY’s up trend resumed after brief retreat and hit as high as 202.01. Initial bias is now on the upside this week for 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. Firm break there will pave the way to 100% projection at 206.56 next. on the downside, below 200.46 minor support will turn […]

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18/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2638; (P) 1.2715; (R1) 1.2760; More… GBP/USD is staying in consolidation below 1.2793 and intraday bias remains neutral at this point. While deeper retreat cannot be ruled out, outlook will stay cautiously bullish as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. […]
24/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2368; (P) 1.2414; (R1) 1.2495; More… No change in GBP/USD’s outlook and intraday bias stays neutral. While recovery from 1.2298 might extend higher, upside should be limited by 1.2538 support turned resistance. On the downside, below 1.2298 will resume the fall from 1.2892 to 1.2036 support next. In the bigger picture, price […]
22/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0799; (P) 1.0811; (R1) 1.0833; More… Intraday bias in EUR/USD stays on the upside for the moment. Sustained trading above above 55 D EMA (now at 1.0832) will argue that fall from 1.1138 has completed and target this resistance. Meanwhile, rejection by 55 D EMA, followed by break of 1.0761 minor support […]