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Daily Pivots: (S1) 0.8460; (P) 0.8467; (R1) 0.8483; More… Intraday bias in EUR/GBP stays neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest […]

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17/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6590; (P) 0.6617; (R1) 0.6643; More… Intraday bias in AUD/USD remains neutral as range trading continues. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, […]
03/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3126; (P) 1.3140; (R1) 1.3162; More… Intraday bias in GBP/USD remains neutral as consolidation continues below 1.3265. While deeper retreat cannot be ruled out, downside should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection of 1.2298 […]
16/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8591; (P) 0.8601; (R1) 0.8616; More… EUR/GBP is staying in tight range above 0.8585 and intraday bias remains neutral. Further decline is expected as long as 0.8638 minor resistance holds. On the downside, below 0.8585 will resume the fall from 0.8713 to 0.8548 support. Firm break there will target 0.8491 low next. […]