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Daily Pivots: (S1) 0.8434; (P) 0.8440; (R1) 0.8448; More… EUR/GBP is still extending the consolidation from 0.8399 and intraday bias remains neutral. Further decline is expected with 0.8466 resistance intact. On the downside, below 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will resume larger down trend. In the […]

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05/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.46; (P) 169.09; (R1) 170.15; More…. EUR/JPY recovers after dipping to 168.01 and intraday bias is turned neutral. Nevertheless, current development suggests that rebound from 164.31 has completed at 170.81. Risk will now stay on the downside as long as 170.87 resistance holds. Below 168.01 will target 167.31 support first. Break there […]
02/12/2023

EUR/GBP Weekly Outlook

EUR/GBP’s fall from 0.8764 accelerated to as low as 0.8557 last week. The development suggests that rebound from 0.8491 has completed as a corrective move at 0.8764. Initial bias stays on the downside this week for retesting 0.8491 low first. Firm break there will resume larger down trend. On the upside, touching 0.8634 minor resistance […]
11/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8417; (P) 0.8432; (R1) 0.8441; More… No change in EUR/GBP’s outlook as consolidation from 0.8399 is still in progress. Intraday bias stays neutral. Further decline is expected with 0.8466 resistance intact. On the downside, below 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will resume larger […]