EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8303; (P) 0.8322; (R1) 0.8336; More… Intraday bias in EUR/GBP stays neutral and outlook remains bearish with 0.8446 resistance intact. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound from 0.8294 short term bottom […]

Daily Pivots: (S1) 1.0709; (P) 1.0763; (R1) 1.0793; More…. EUR/USD’s break of 1.0718 support revives that case that rise from 1.0601 has completed at 1.0915. Fall from there is seen as another leg inside the corrective pattern from 1.1274 high. Intraday bias is back on the downside for 1.0601 support first. Firm break there will […]

Daily Pivots: (S1) 148.43; (P) 148.89; (R1) 149.78; More… USD/JPY’s rally from 139.57 short term bottom resumed after brief consolidations, and intraday bias is back on the upside. Current rally is seen as the second leg of the corrective pattern from 161.94. Next target is 61.8% retracement of 161.94 to 139.57 at 153.39. On the […]