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EUR/GBP’s rise from 0.8382 accelerated higher last week and the strong break of 0.8498 resistance argues that fall form 0.8643 has completed with five waves down to 0.8382. Initial bias stays on the upside this week for channel resistance (now at (now at 0.8560). Sustained break there will raise the chance of larger bullish trend […]

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EUR/USD Weekly Outlook

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11/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2800; (P) 1.2825; (R1) 1.2872; More… GBP/USD’s break of 1.2859 suggest that rise from 1.2298 is resuming. Intraday bias is back on the upside for 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. On the downside, break of 1.2777 minor support will turn intraday bias neutral again first. In the […]
31/08/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.3265 last week but retreated since then. Initial bias remains neutral this week for more consolidations first. Further rally is expected as long as 1.3043 resistance turned support holds. Break of 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. In the bigger […]
11/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1006; (P) 1.1028; (R1) 1.1041; More…. Outlook is EUR/USD is unchanged. While consolidation from 1.1200 could extend lower, downside should be contained by 38.2% retracement of 1.0665 to 1.1200 at 1.0996 to bring rebound. Break of 1.1200 will resume larger rise towards 1.1274 high. However, sustained break of 1.0996 will indicate reversal […]