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Daily Pivots: (S1) 1.2516; (P) 1.2548; (R1) 1.2584; More… Intraday bias in GBP/USD remains on the downside for the moment. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will be 61.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2489. Firm break there could trigger downside acceleration to 100% […]

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EUR/GBP Daily Outlook

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30/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.95; (P) 187.63; (R1) 188.13; More… Intraday bias in GBP/JPY remains neutral as consolidation from 188.90 is extending. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 […]
29/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2448; (P) 1.2495; (R1) 1.2540; More… Intraday bias in GBP/USD remains on the upside at this point. Rebound from 1.2298 short term bottom would target 55 D EMA (now at 1.2582). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, on […]
15/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9719; (P) 0.9739; (R1) 0.9777; More…. Intraday bias in EUR/CHF remains on the upside at this point. Rise from 0.9476 is in progress and should target 0.9928 high next. On the downside, however, break of 0.9677 will turn bias to the downside for deeper pullback. In the bigger picture, rebound from 0.9252 […]