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Daily Pivots: (S1) 1.6491; (P) 1.6528; (R1) 1.6558; More… Range trading continues in EUR/AUD and intraday bias remains neutral. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend […]

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02/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 203.45; (P) 204.09; (R1) 204.93; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current up trend should target 100% projection of 191.34 to 200.72 from 197.18 at 206.56 next. On the downside, below 202.55 minor support will turn intraday bias neutral and bring consolidations. But outlook will remain […]
11/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2471; (P) 1.2589; (R1) 1.2659; More… Intraday bias in GBP/USD remains on the downside at this point. 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% […]
04/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.03; (P) 186.77; (R1) 187.35; More… Intraday bias in GBP/JPY remains neutral first. Price actions from 188.63 short term top is seen as a near term consolidation pattern for now. As long as 184.44 support holds, further rally is expected. Decisive break of 188.63 will resume larger up trend. In the bigger […]