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Daily Pivots: (S1) 1.0667; (P) 1.0738; (R1) 1.0788; More… EUR/USD’s decline resumed by breaking through 1.0681 temporary low and intraday bias is back on the downside. Sustained trading below 61.8% projection of 1.1213 to 1.0760 from 1.0936 at 1.0656 will extend the fall from 1.1213 to 100% projection at 1.0483. On the upside, above 1.0727 […]

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EUR/GBP Mid-Day Outlook

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12/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2784; (P) 1.2825; (R1) 1.2855; More… GBP/USD’s retreat from 1.2892 extends lower today. But still, further rally will remain in favor as long as 55 4H EMA (now at 1.2746) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 […]
08/10/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8363; (P) 0.8381; (R1) 0.8407; More… Intraday bias in EUR/GBP stays neutral at this point. Also, near term outlook remains bearish. On the downside, break of 0.8309 will resume larger down trend to 0.8201 key support next. However, decisive break of 38.2% retracement of 0.8624 to 0.8309 at 0.8429 will pave the […]
19/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.18; (P) 154.43; (R1) 154.90; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, break of 154.77 will resume larger up trend. But considering divergence condition in 4H MACD upside should be limited by 155.20 fibonacci projection level. On the downside, below 153.58 will turn bias to the […]