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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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08/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0739; (P) 1.0764; (R1) 1.0779; More… Intraday bias in EUR/USD stays neutral for the moment. More consolidations could be seen below 1.0810. Further rally is expected as long as 55 4H EMA (now at 1.0731) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, […]
18/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.40; (P) 187.27; (R1) 188.65; More… Intraday bias in GBP/JPY remains on the upside for retesting 188.63 high. Firm break there will confirm larger up trend resumption. On the downside, below 186.33 minor support will turn intraday bias neutral and bring consolidations first. But further rally is expected as long as 184.15 […]
04/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8602; (P) 0.8639; (R1) 0.8661; More… Intraday bias in EUR/GBP is back on the downside as fall from 0.8713 resumes. Rebound from 0.8548 should have completed, and deeper fall should be seen to retest this support first. Firm break there will target 0.8491 low. On the upside, however, above 0.8644 minor resistance […]