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EUR/GBP’s late breach of 0.8294 suggests that larger down trend is resuming. Initial bias stays on the downside this week for 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. On the upside, above 0.8339 minor resistance will turn intraday bias neutral first. But outlook will stay […]

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GBP/USD Weekly Outlook

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EUR/USD Weekly Outlook

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05/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8378; (P) 0.8399; (R1) 0.8415; More… Intraday bias in EUR/GBP stays neutral first and consolidations from 0.8294 could extend further. 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 […]
09/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2624; (P) 1.2644; (R1) 1.2675; More… Intraday bias in GBP/USD is back on the upside with break of 1.2682. Rebound from 1.2538 would target 1.2802 resistance first. On the downside, though, below 1.2648 minor support will turn intraday bias neutral again. In the bigger picture, price actions from 1.3141 medium term top […]
19/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8442; (P) 0.8453; (R1) 0.8463; More… Intraday bias in EUR/GBP remains neutral first as consolidations continue above 0.8396. Outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376 projection level next. In the bigger picture, down trend from 0.9267 (2022 high) […]