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Daily Pivots: (S1) 1.2875; (P) 1.2927; (R1) 1.2970; More… Intraday bias in GBP/USD remains neutral for the moment and more consolidations could be seen below 1.3042 resistance. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, […]

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09/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0736; (P) 1.0747; (R1) 1.0759; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Further rally is expected as long as 55 4H EMA (now at 1.0733) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, firm break of 55 4H EMA […]
04/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2847; More….. Further rally is expected in GBP/USD with 1.2693 support intact, despite current retreat. Rise from 1.2298 should target 1.2892 resistance. However, break of 1.2693 will turn bias back to the downside for deeper pullback. In the bigger picture, price actions from 1.3141 medium term top are […]
08/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2630; (P) 1.2701; (R1) 1.2789; More… Intraday bias in GBP/USD is turned neutral again with current retreat. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions […]