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Daily Pivots: (S1) 1.3078; (P) 1.3158; (R1) 1.3207; More… Outlook in GBP/USD is unchanged as range trading continues below 1.3265. Further rise is expected with 1.3043 resistance turned support intact. On the upside, firm break of 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. However, firm […]

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EUR/USD Daily Outlook

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31/08/2024

EUR/JPY Weekly Outlook

No change in EUR/JPY’s outlook as sideway trading continued below 163.86 last week. Initial bias remains neutral this week first. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 support […]
21/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2718; (P) 1.2753; (R1) 1.2820; More… GBP/USD’s rebound from 1.2666 extended higher but stays below 1.2822. Intraday bias remains neutral first. On the downside, break of 1.2666 support and sustained break of 55 D EMA (now at 1.2685) will target 1.2517 structural support next. However, break of 1.2822 will bring further rally […]
28/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1050; (P) 1.1086; (R1) 1.1144; More… Intraday bias in EUR/USD remains on the upside at this point. Current rally from 1.0447 is in progress for retesting 1.1274 high. Strong resistance should be seen from there to limit upside, at least on first attempt. On the downside, below 1.1027 minor support will turn […]