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EUR/GBP breached 0.8491 key support last week but quickly recovered. Initial bias stays neutral this week first. Further decline is expected as long as 55 D EMA (now at 0.8553) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will turn bias […]

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EUR/USD Weekly Outlook

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02/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9705; (P) 0.9721; (R1) 0.9729; More… Intraday bias in EUR/CHF remains neutral as consolidation continues below 0.9818. Another rally is expected as long 0.9689 support holds. On the upside, above 0.9818 will resume the rise from 0.9252 towards 1.0095 key resistance next. Nevertheless, considering bearish divergence condition in 4H MACD, break of […]
15/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2715; (P) 1.2769; (R1) 1.2807; More… GBP/USD’s break of 55 4H EMA (now at 1.2760) indicates short term topping at 1.2829. Intraday bias is back on the downside for 55 D EMA (now at 1.2673). Sustained break there will target 1.2517 structural support next. For now, risk will stay mildly on the […]
20/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 187.63; (P) 187.94; (R1) 188.57; More… Intraday bias in GBP/JPY stays on the upside for the moment. Sustained break of 188.63 will confirm larger up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 at 191.04. On the downside, below 1187.01 minor support will turn intraday bias neutral […]