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Daily Pivots: (S1) 1.1080; (P) 1.1135; (R1) 1.1172; More…. Intraday bias in EUR/USD is now on the upside with breach of 1.1153 resistance. Firm break of 1.1200 will resume larger rally from 1.0665 to 1.1274 high next. On the downside, however, break of 1.1072 will turn bias back to the downside for 1.1001 support instead. […]

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GBP/USD Daily Outlook

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16/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… GBP/USD is staying in range of 1.2611/2826 despite today’s decline. Intraday bias remains neutral first. On the upside, decisive break of 1.2826 will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper decline to 1.2499 support instead. In the bigger picture, price actions […]
18/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8536; (P) 0.8544; (R1) 0.8558; More… Range trading continues in EUR/GBP and intraday bias remains neutral. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. However, firm break of 0.8577 will turn bias back to the upside for stronger rebound. […]
09/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6535; (P) 0.6565; (R1) 0.6622; More… AUD/USD’s break of 0.6567 resistance confirms short term bottoming at 0.6348 and stronger rebound is underway. Intraday bias is back on the upside for 55 D EMA (now at 0.6614). Sustained break there will target 0.6798 resistance. On the downside, break of 0.6506 minor support will […]