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EUR/GBP extended the consolidations from 0.8399 last week and outlook is unchanged. Initial bias remains neutral this week first. While stronger recovery might be seen, outlook will stay bearish as long as 0.8466 resistance holds. Break of 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will resume larger down […]

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AUD/USD Weekly Report

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GBP/USD Weekly Outlook

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24/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0812; (P) 1.0864; (R1) 1.0906; More… EUR/USD’s breach of 1.0843 temporary low suggests that fall from 1.1138 is resuming. Intraday bias is back on the downside for 1.0722 support first. Decisive break there will argue that whole rise from 1.0447 has completed, and target this low. Nevertheless, on the upside, firm break […]
04/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6523; (P) 0.6546; (R1) 0.6590; More…. AUD/USD’s strong break of 55 D EMA suggests that fail from 0.6666 has completed with three waves down to 0.6480. Rise from there is now seen as the third leg of the corrective pattern from 0.6442. Intraday bias is back on the upside for 0.6633 resistance […]
25/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.75; (P) 193.20; (R1) 194.07; More.. GBP/JPY’s up trend resumed and reaches as high as 193.62 so far. Intraday bias is back on the upside for 195.86 long term resistance, and then 198.89 projection level. On the downside, below 192.93 minor support will turn intraday bias neutral first. But outlook will remain […]