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Daily Pivots: (S1) 1.2875; (P) 1.2927; (R1) 1.2970; More… Range trading continues in GBP/USD and intraday bias stays neutral. 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, considering bullish convergence condition in 4H MACD, firm […]

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30/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2976; (P) 1.2996; (R1) 1.3033; More… Intraday bias in GBP/USD remains neutral as GBP/USD is still extending consolidations above 1.2906. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm […]
02/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8401; (P) 0.8415; (R1) 0.8429; More…. Intraday bias in EUR/GBP remains neutral for consolidations above 0.8399 temporary low. Stronger recovery might be seen but further decline is expected as long as 0.8466 minor resistance holds. Below 0.8399 will resume the decline from 0.8624 and target 0.8382 support. Firm break there will resume […]
10/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.36; (P) 187.24; (R1) 188.05; More… Intraday bias in GBP/JPY stays on the downside at this point, and fall from 193.45 is in progress for retest 180.00 low first. Break there will resume whole fall from 208.09. On the upside, above 189.76 minor resistance will turn intraday bias neutral. In the bigger […]