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Daily Pivots: (S1) 1.2949; (P) 1.2982; (R1) 1.3019; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3433 is in progress. Sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) will argue that whole rise from 1.2298 has completed and bring deeper fall to 61.8% retracement at […]

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08/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2554; (P) 1.2584; (R1) 1.2622; More… Intraday bias in GBP/USD is turned neutral with current recovery. Risk will stay on the downside as long as 1.2731 resistance holds. Below 1.3543 will resume the fall from 1.2731 to 55 D EMA (now at 1.2437). Nevertheless, firm break of 1.2731 will resume the rise […]
26/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2822; (P) 1.2876; (R1) 1.2903; More… Outlook in GBP/USD is unchanged and intraday bias remains neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D […]
06/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3551; (P) 1.3574; (R1) 1.3615; More… No change in USD/CAD’s outlook and intraday bias stays neutral at this point. Below 1.3479 will resume the corrective fall from 1.3897. But downside should be contained by 1.3378 support, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399, to bring rebound. On […]