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Daily Pivots: (S1) 1.2687; (P) 1.2757; (R1) 1.2802; More… Intraday bias in GBP/USD remains neutral for the moment. Further rise is in favor as long as 1.2611 support holds. Above 1.2826 will resume larger rise from 1.2036 to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. Nevertheless, break of 1.2611 will indicate short […]

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03/02/2024

USD/CAD Weekly Outlook

USD/CAD’s correction from 1.3540 extended lower to 1.3357 last week but recovered since then. Initial bias stays neutral this week first. On the upside, break of 1.3540 will resume the rise from 1.3176. That will also revive that case that whole fall from 1.3897 has completed. Nevertheless, firm break of 1.3342 support will argue that […]
29/11/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2631; (P) 1.2673; (R1) 1.2739; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside. 4H MACD indicates that it’s picking up momentum again. Sustained trading above 61.8% retracement of 1.3141 to 1.2036 at 1.2716 will pave the way to retest 1.3141 high. On the downside, below 1.2606 […]
26/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3116; (P) 1.3174; (R1) 1.3276; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside. Current up trend should target 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support will turn intraday bias neutral and bring consolidations, before staging another […]