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Daily Pivots: (S1) 1.2800; (P) 1.2825; (R1) 1.2872; More… GBP/USD’s break of 1.2859 suggest that rise from 1.2298 is resuming. Intraday bias is back on the upside for 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. On the downside, break of 1.2777 minor support will turn intraday bias neutral again first. In the […]

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GBP/JPY Daily Outlook

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10/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8586; (P) 0.8597; (R1) 0.8612; More… Intraday bias in EUR/GBP is turned neutral with current recovery, but further decline is in favor with 0.8638 minor resistance intact. On the downside, break of 0.8585 will resume the fall from 0.8713 to 0.8548 support first. Break there will target 0.8491 low next. However, break […]
08/07/2024

GBPUSD Wave Analysis

GBPUSD rising inside wave 2 Likely to rise to resistance level 1.2850 GBPUSD currency pair recently reversed up from the key support level 1.2630 (which also stopped the earlier impulse ii at the end of June). The support level 1.2630 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of […]
12/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.57; (P) 146.87; (R1) 147.25; More… A temporary low is formed at 146.47 with today’s recovery and intraday bias in USD/JPY is turned neutral first. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. […]