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Daily Pivots: (S1) 0.8447; (P) 0.8462; (R1) 0.8473; More… Intraday bias in EUR/GBP remains neutral first. 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 the corrective […]

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22/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0830; (P) 1.0886; (R1) 1.0917; More… Intraday bias in EUR/USD is back on the downside with current steep fall and break of 1.0834 support. Sustained trading below 55 D EMA (now at 1.0861) will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will stay […]
13/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0745; (P) 1.0799; (R1) 1.0862; More…. Intraday bias in EUR/USD remains neutral at this point. On the upside, firm break of 1.0915 will resume whole rise from 1.0601. On the downside, break of 1.0718 will resume the fall from 1.0915 instead. In the bigger picture, price actions from 1.1274 are viewed as […]
01/06/2024

GBP/JPY Weekly Outlook

GBP/JPY dipped to 198.73 last week after edging higher to 200.72. But it quickly recovered. Initial bias is neutral this week first. On the upside, decisive break of 200.53/72 will confirm larger up trend resumption. On the downside, below 198.73 will turn bias to the downside for 197.07 resistance turned support instead. In the bigger […]