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Daily Pivots: (S1) 0.6570; (P) 0.6593; (R1) 0.6607; More… AUD/USD’s decline from 0.6941 is in progress and intraday bias stays on the downside for 61.8% retracement of 0.6269 to 0.6941 at 0.6526. Sustained break there will target 0.6348 support next. On the upside, above 0.6609 minor resistance will turn intraday bias neutral and bring consolidations […]

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23/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8495; (P) 0.8519; (R1) 0.8535; More… Intraday bias in EUR/GBP remains on the downside at this point. Firm break of 0.8491/7 support zone will confirm larger down trend resumption. Next target is 0.8376 projection level next. On the upside though, above 0.8540 minor resistance will delay the bearish case and turn intraday […]
17/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0666; (P) 1.0705; (R1) 1.0743; More…. Intraday bias in EUR/USD remains on downside at this point. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Deeper decline would be seen to 1.0601 low first. Firm break there will target channel support at 1.0510 next. On the upside, above […]
09/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2468; (P) 1.2497; (R1) 1.2525; More… GBP/USD breached 1.2471 support briefly but quickly recovered. Intraday bias stays neutral first. Strong bounce from current level will retain near term bullishness. Further break of 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. However, firm break of firm break of 1.2471 will […]