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Daily Pivots: (S1) 1.0614; (P) 1.0671; (R1) 1.0713; More… Intraday bias in EUR/USD stays on the downside at this point. 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 minor resistance will turn intraday bias […]

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USD/JPY Mid-Day Outlook

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GBP/USD Daily Outlook

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08/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.78; (P) 147.89; (R1) 149.86; More… USD/JPY’s rebound from 139.57 is still in progress and intraday bias stays on the upside. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On […]
29/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2940; (P) 1.2971; (R1) 1.3001; More… GBP/USD is still bounded in consolidation above 1.2906 and intraday bias stays neutral. 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 break […]
17/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2948; (P) 1.2965; (R1) 1.2992; More… GBP/USD’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 1.2298 should target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2937 minor support […]