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Daily Pivots: (S1) 0.8536; (P) 0.8554; (R1) 0.8587; More… EUR/GBP dipped to 0.8519 but quickly recovered. Intraday bias remains neutral first. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On […]

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14/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2778; (P) 1.2794; (R1) 1.2814; More… Intraday bias in GBP/USD remains neutral at this point. Further rally will remain in favor as long as 55 4H EMA (now at 1.2762) 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 […]
22/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.16; (P) 191.44; (R1) 192.58; More.. Intraday bias in GBP/JPY remains neutral as consolidations from 193.51 could extend further. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the rise from 178.32, […]
09/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.63; (P) 191.92; (R1) 192.45; More….. Intraday bias in GBP/JPY stays neutral as consolidations continue below 193.51. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, break of 190.02 will turn bias to the downside for 187.94 support instead. In the […]