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Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2598; More… GBP/USD’s fall from 1.2731 short term top is in progress. Intraday bias stays on the downside for 55 D EMA (now at 1.2436). On the upside, above 1.2613 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as […]

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18/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8424; (P) 0.8439; (R1) 0.8460; More… Intraday bias in EUR/GBP remains neutral and consolidation from 0.8399 could extend further. But upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. On the downside, break of 0.8417 minor support will turn bias to the downside for 0.8399 support, and then […]
25/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2647; (P) 1.2672; (R1) 1.2712; More… Intraday bias in GBP/USD remains neutral for the moment. Further decline is expected 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, firm […]
16/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6422; (P) 0.6458; (R1) 0.6477; More… AUD/USD’s break of 0.6442 support confirms resumption of whole fall from 0.6870. Intraday bias remains on the downside for 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. Decisive break there will pave the way to 0.6269 low, and possibly further to 100% projection at […]