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EUR/GBP edged higher to 0.8498 last week, but failed to break through 55 D EMA (now at 0.8500) and retreated. Initial bias remains neutral this week first. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On […]

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EUR/USD Weekly Outlook

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28/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1050; (P) 1.1086; (R1) 1.1144; More… Intraday bias in EUR/USD remains on the upside at this point. Current rally from 1.0447 is in progress for retesting 1.1274 high. Strong resistance should be seen from there to limit upside, at least on first attempt. On the downside, below 1.1027 minor support will turn […]
29/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 200.29; (P) 200.47; (R1) 200.79; More… Intraday bias in GBP/JPY remains on the upside for the moment. Sustained break of 200.53 will confirm larger up trend resumption. Next target is 138.2% projection of 191.34 to 180.07 from 195.02 at 202.93. On the downside, below 198.25 minor support will turn intraday bias back […]
10/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2688; (P) 1.2750; (R1) 1.2784; More… Intraday bias in GBP/USD remains neutral for the moment. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2651) and possibly below. Nevertheless, break of 1.2816 will resume the rise […]