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Daily Pivots: (S1) 1.2443; (P) 1.2483; (R1) 1.2540; More… GBP/USD’s rebound from 1.2099 lost momentum as seen in 4H MACD, and intraday bias is turned neutral. While another rise cannot be ruled out, strong resistance could be seen 38.2% retracement of 1.3433 to 1.2099 at 1.2609 to limit upside. On the downside, below 1.2292 minor […]

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EUR/GBP Daily Outlook

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01/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0692; (P) 1.0708; (R1) 1.0731; More…. Immediate focus in now on 1.0760 resistance as EUR/USD extends the rebound from 1.0665. Decisive break there will argue that pull back from 1.0915 has completed. Intraday bias will be back on the upside for 55 D EMA (now at 1.0773) and above. Meanwhile, rejection by […]
02/02/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.46; (P) 158.83; (R1) 159.59; More… EUR/JPY recovered quickly after dipping to 158.06. Some support is seen from 158.55 resistance turned support and rising channel for now. Intraday bias stays neutral first. On the downside, sustained break of 158.55 will argue that rebound from 153.15 has completed at 161.84 already. Fall from […]
30/11/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.51; (P) 187.02; (R1) 187.42; More… Intraday bias in GBP/JPY stays neutral for consolidation below 188.63. While deeper retreat cannot be ruled out, near term outlook will stay bullish as long as 184.44 support holds. On the upside, break of 188.63 will resume larger up trend. In the bigger picture, as long […]