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Daily Pivots: (S1) 1.3744; (P) 1.3769; (R1) 1.3814; More… USD/CAD’s rally from 1.3176 is in progress and intraday bias remains on the upside. Decisive break of 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841 will pave the way to 138.2% projection at 1.3980. On the downside, below 1.3773 minor support will turn intraday […]

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EUR/GBP Daily Outlook

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13/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0760; (P) 1.0794; (R1) 1.0829; More… Intraday bias in EUR/USD remains neutral and further decline is mildly in favor as long as 1.0827 minor resistance holds. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to retest 1.0447 support. […]
03/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.83; (P) 192.65; (R1) 193.98; More… Intraday bias in GBP/JPY stays mildly on the upside as rebound from 180.00 is in progress. Further rally would be seen to 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm break […]
04/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8457; (P) 0.8468; (R1) 0.8476; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest that […]