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Daily Pivots: (S1) 0.6390; (P) 0.6430; (R1) 0.6481; More… Volatility continues in AUD/USD but it’s still staying in range above 0.6371 temporary low. Intraday bias remains neutral and further decline is expected with 0.6511 resistance intact. On the downside, below 0.6371 will resume the fall from 0.6941 to 0.6348 support, and then 0.6269. Nevertheless, considering […]

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GBP/JPY Daily Outlook

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07/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2793; (P) 1.2920; (R1) 1.3007; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen. Further decline is expected as long as 1.3047 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H […]
13/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.62; (P) 194.98; (R1) 195.48; More.. Further rise is mildly in favor in GBP/JPY. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53, and could target 197.40 resistance. On the downside, break of 193.82 minor support will argue that the third leg as started, and turn […]
25/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2480; (P) 1.2539; (R1) 1.2590; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen above 1.2486. But outlook will stay bearish as long as 1.2713 resistance holds. Break of 12487 will resume the fall from 1.3433 to 1.2298 cluster support zone. In the bigger picture, a medium term […]