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Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… GBP/USD is staying in range of 1.2611/2826 despite today’s decline. Intraday bias remains neutral first. On the upside, decisive break of 1.2826 will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper decline to 1.2499 support instead. In the bigger picture, price actions […]

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08/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 173.79; (P) 174.14; (R1) 174.57; More… EUR/JPY dips mildly today but stays above 173.07 minor support. Intraday bias remains neutral for the moment. More sideway trading could be seen first. On the upside, firm break of 174.50 will resume the larger up trend and target 138.2% projection of 164.01 to 170.87 from […]
13/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2751; (P) 1.2788; (R1) 1.2829; More… Intraday bias in GBP/USD remains neutral for the moment. Further rally will remain in favor as long as 55 4H EMA (now at 1.2755) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 […]
24/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6048; (P) 1.6081; (R1) 1.6134; More… Intraday bias in EUR/AUD stays neutral and consolidation from 1.6026 could extend. But upside should be limited by EUR/AUD’s down trend continued last week but it recovered after hitting 1.6026. Initial bias is neutral this week for some consolidations first. Upside should be limited by 1.6211 […]