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Daily Pivots: (S1) 0.8367; (P) 0.8386; (R1) 0.8398; More… Intraday bias in EUR/GBP remains neutral and outlook stays bearish for now. On the downside, break of 0.8309 will resume larger down trend to 0.8201 key support next. However, decisive break of 38.2% retracement of 0.8624 to 0.8309 at 0.8429 will pave the way to 61.8% […]

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29/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2666; (P) 1.2712; (R1) 1.2748; More… Intraday bias in GBP/USD remains neutral at this point. Consolidation from 1.2826 could extend further and another fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern […]
01/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3497; (P) 1.3518; (R1) 1.3545; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. While recovery from 1.3418 might extend higher, outlook will stay bearish as long as 1.3646 resistance holds. On the downside, break of 1.3418 will resume the fall from 1.3946 to 61.8% projection of 1.3946 to 1.3439 […]
29/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8667; (P) 0.8691; (R1) 0.8713; More… For now, further rally could still be seen in EUR/GBP with 0.8649 intact. Rebound from 0.8548 could extend to 0.8764 key resistance. Nevertheless, break of 0.8649 will argue that the rebound has completed, and turn bias back to the downside for 0.8548 support instead. In the […]