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Daily Pivots: (S1) 0.8522; (P) 0.8548; (R1) 0.8563; More… Intraday bias in EUR/GBP stays neutral as sideway trading continues. Further decline is expected with 0.8591 resistance intact. On the downside, below 0.8512 will resume the fall from 0.8713 to 0.8491, and then 0.8464 projection level. However, firm break of 0.8591 will turn bias back to […]

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22/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2672; (P) 1.2694; (R1) 1.2725; More… Intraday bias in GBP/USD stays neutral for the moment. Consolidation pattern from 1.2826 could extend further. Break of 1.2595 support will target 1.2499 support. On the upside, however, firm break of 1.2784 resistance will suggest that the consolidation pattern has completed. Further rally should then resume […]
26/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0812; (P) 1.0827; (R1) 1.0852; More… Intraday bias in EUR/USD remains neutral for consolidation s above 1.0801 temporary low. Risk will stay on the downside as long as 55 4H EMA (now at 1.0862) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break there will resume the […]
05/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.05; (P) 150.31; (R1) 150.78; More… No change in USD/JPY’s outlook as consolidation from 150.87 is extending. Intraday bias stays neutral for the moment. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, […]