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Daily Pivots: (S1) 1.0950; (P) 1.0980; (R1) 1.1024; More… EUR/USD’s rally resumed by breaking through 1.0964 and intraday bias is back on the upside. Current rise from 1.0447 should now target 1.1274 resistance next. But strong resistance should be seen there to limit upside. On the downside, below 1.0933 minor support will turn intraday bias […]

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GBP/USD Daily Outlook

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10/01/2024

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 182.94; (P) 183.45; (R1) 184.15; More… GBP/JPY’s strong rally today confirms resumption of rise from 178.32. More importantly, the decisive break of 184.15 resistance indicates that correction from 188.63 has completed already. Intraday bias is back on the upside for retesting 188.63 next. On the downside, break of 182.73 support is needed […]
21/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8523; (P) 0.8532; (R1) 0.8547; More…. Intraday bias in EUR/GBP remains neutral for the moment. In case of another fall, strong support should be seen from 55 D EMA (now at 0.8498), to complete the correction from 0.8624. Break of 0.8591 resistance will argue that rise from 0.8382 is ready to resume […]
07/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.12; (P) 153.57; (R1) 154.34; More… No change in USD/JPY’s outlook and intraday bias stays neutral. On the upside, firm break of 55 4H EMA (now at 154.81) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume the fall from 160.20. But strong support should be seen […]