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Daily Pivots: (S1) 0.8424; (P) 0.8439; (R1) 0.8460; More… Intraday bias in EUR/GBP remains neutral and consolidation from 0.8399 could extend further. But upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. On the downside, break of 0.8417 minor support will turn bias to the downside for 0.8399 support, and then […]

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30/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0695; (P) 1.0714; (R1) 1.0740; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On the downside, break of 1.0673 minor support will turn intraday bias to the downside for retesting 1.0601 low. In […]
14/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.30; (P) 181.22; (R1) 182.25; More… GBP/JPY’s breach of 178.58 support indicates resumption of whole fall from 188.63. Intraday bias is back on the downside. Break of 178.02 support will pave the way to 38.2% retracement of 148.93 to 188.63 at 173.46. For now, risk will stay on the downside as long […]
29/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2743; (P) 1.2772; (R1) 1.2790; More… GBP/USD is losing some upside momentum as seen in 4H MACD. But further rise is expected as long as 1.2670 support holds. Current rally from 1.2298 should target 1.2892 resistance next. However, break of 1.2670 will indicate short term topping, and turn bias back to the […]