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Daily Pivots: (S1) 1.0795; (P) 1.0845; (R1) 1.0886; More… Intraday bias in EUR/USD remains on the downside for the moment. Current fall from 1.1016 short term to is in progress for 55 D EMA (now at 1.0770). On the upside, above 1.0912 minor resistance will turn intraday bias neutral again first. Further break of 1.1016 […]

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GBP/USD Daily Outlook

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15/06/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.2859 last week, but subsequent decline argues that rise from 1.2298 has completed already, on bearish divergence condition in 4H MACD. Initial bias remains on the downside this week for 1.2633 resistance turned support first. Firm break there will target 1.2445 and below. For now, risk will be on the downside […]
10/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8446; (P) 0.8453; (R1) 0.8464; More… Intraday bias in EUR/GBP remains neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8495) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest […]
26/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2666; (P) 1.2685; (R1) 1.2704; More… Intraday bias remains neutral for the moment, and further decline is expected in GBP/USD as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. However, […]