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Daily Pivots: (S1) 0.8233; (P) 0.8253; (R1) 0.8279; More… EUR/GBP rebounded strongly ahead of 0.8201 support. Considering the strong momentum, intraday bias is back on the upside for 0.8363 resistance. Decisive break there will be suggest near term bullish reversal and target 0.8446 resistance and above. In case of another decline through 0.8224, focus will […]

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21/11/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3946; (P) 1.3980; (R1) 1.4010; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. As long as 1.3958 resistance turned support holds, consolidations from 1.4104 should be brief. Above 1.4104 will resume larger up trend to 61.8% projection of 1.3418 to 1.3958 from 1.3841 at 1.4175. Nevertheless, break of 1.3958 […]
23/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 195.36; (P) 195.95; (R1) 196.78; More… Intraday bias in GBP/JPY stays on the upside as rise from 180.00 is extended. Sustained trading above 61.8% retracement of 208.09 to 180.00 at 197.35 will target 208.09 high. On the downside, break of 193.69 support is needed to indicate short term topping. Otherwise, further rally […]
03/12/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2599; (P) 1.2671; (R1) 1.2724; More… Intraday bias in GBP/USD remains neutral for the moment. While another rise cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 1.2858) holds. Below 1.2615 minor support will turn intraday bias back to the downside for retesting 1.2486. Break […]