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EUR/GBP’s decline from 0.8713 extended to 0.8554 last week but recovered ahead of 0.8548 support. Initial bias remains neutral and some consolidations could be seen first. Deeper fall is expected as long as 0.8619 resistance holds. Firm break of 0.8548 will indicate that larger down trend is ready to resume through 0.8491 low. However, break […]

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GBP/JPY Daily Outlook

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23/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6479; (P) 1.6556; (R1) 1.6597; More… Intraday bias in EUR/AUD remains neutral at this point. For now, further rally will remain mildly in favor as long as 1.6368 support holds. Corrective fall from 1.6742 could have completed with three waves down to 1.6368. Above 1.6678 will target a retest on 1.6742 resistance […]
12/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0829; (P) 1.0864; (R1) 1.0904; More…. No change in EUR/USD’s outlook and intraday bias stays on the upside for retesting 1.0915 resistance. Decisive break there will resume whole rally from 1.0601 and target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0919 next. For now, risk will stay on the upside […]
12/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6361; (P) 1.6440; (R1) 1.6484; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, below 1.6368 will resume the fall from 1.6742 towards 1.6127 low. Nevertheless, break of 1.6516 will turn bias back to the upside for stronger rebound. In the bigger picture, fall from 1.7062 medium term […]