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Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0840; More… EUR/USD recovered today but stays in range of 1.0760/0871. Intraday bias remains neutral and further decline is still expected. On the downside, break of 1.0760 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 […]

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24/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2686; (P) 1.2710; (R1) 1.2732; More… No change in GBP/USD’s outlook as it’s still bounded in consolidation from 1.2826. Intraday bias stays neutral at this point. On the downside, break of 1.2595 support will bring deeper correction to 1.2499 support. On the upside, however, firm break of 1.2784 resistance will suggest that […]
25/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8450; (P) 0.8464; (R1) 0.8476; More… EUR/GBP is still extending the consolidation pattern from 0.8396 and intraday bias stays neutral. Outlook will stay bearish as long as 0.8482 support turned resistance holds. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break there will resume larger […]
03/03/2024

GBP/USD Weekly Outlook

GBP/USD stayed inside range trading below 1.2708 last week. Initial bias stays neutral this week first. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise from 1.2036 has […]