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EUR/GBP’s extended rebound last week confirm short term bottoming at 0.8221, just ahead of 0.8201 key support level. Initial bias stays on the upside this week for 0.8446 resistance first. Firm break there will target 0.8624 cluster resistance zone, even as a corrective move. In the bigger picture, considering bullish convergence condition in D MACD, […]

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GBP/JPY Daily Outlook

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08/11/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6600; (P) 0.6644; (R1) 0.6724; More… Intraday bias in AUD/USD remains on the upside as rebound from 0.6511 short term bottom is in progress. Sustained break of 55 D EMA (now at 0.6682) will bring stronger rebound back 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 […]
24/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.79; (P) 170.36; (R1) 171.38; More… Intraday bias in EUR/JPY remains on the upside for the moment. Rise from 164.01 is resuming and should target 61.8% projection of 164.01 to 170.87 from 167.52 at 171.75. On the downside, below 169.31 minor support will dampen this bullish case and turn intraday bias neutral […]
25/03/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.2892 accelerated lower last week, despite interim rebound. Initial bias stays on the downside this week for 1.2517 support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish On the upside, above 1.2674 minor resistance will turn intraday bias neutral first. […]