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Daily Pivots: (S1) 0.8631; (P) 0.8647; (R1) 0.8657; More…. EUR/GBP’s break of 0.8648 support argues that corrective rebound from 0.8491 has completed at 0.8764 already. Intraday bias is now on the downside for 0.8614 support first. Firm break there will target a retest on 0.8491 low. On the upside, above 0.8682 minor resistance will turn […]

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06/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3150; (P) 1.3168; (R1) 1.3199; More… Intraday bias in GBP/USD remains neutral as it’s still bounded in consolidations below 1.3265. While another retreat cannot be ruled out, downside should be contained above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection […]
12/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2516; (P) 1.2548; (R1) 1.2584; More… GBP/USD’s fall continues to as low as 1.2452 so far. Intraday bias stays on the downside for 100% projection of 1.2892 to 1.2538 from 1.2708 at 1.2354 next. On the upside, above 1.2538 support turned resistance will turn intraday bias neutral and bring consolidations, because staging […]
14/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0938; (P) 1.0969; (R1) 1.1024; More….. EUR/USD’s break of 1.0944 minor resistance suggests that pull back from 1.1007 has completed at 1.0880 already. Intraday bias is back on the upside for 1.1007. Firm break there will resume larger rise from 1.0665. Next target is 100% projection of 1.0665 to 1.0947 from 1.0776 […]