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Daily Pivots: (S1) 158.41; (P) 159.07; (R1) 159.55; More.. Intraday bias in EUR/JPY remains on the downside at this point. Current fall from 164.29 should target 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). On the upside, above 159.70 minor resistance will turn intraday bias neutral and bring consolidations first, before staging […]

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EUR/GBP Daily Outlook

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17/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3150; (P) 1.3185; (R1) 1.3251; More… Intraday bias in GBP/USD stays neutral for the moment. On the upside, decisive break of 1.3265 will resume larger rally 1.3364 projection level next. On the downside, below, 1.3177 minor support will turn bias to the downside, to extend the correction from 1.3265 through 1.3000 support. […]
05/12/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.91; (P) 190.72; (R1) 192.08; More… Intraday bias in GBP/JPY remains neutral for consolidations above 188.07 temporary low. Further decline is expected as long as 55 D EMA (now at 194.25) holds. On the downside, below 188.07 temporary low will resume the fall from 199.79 to 183.70 support. Firm break there will […]
25/03/2024

EUR/GBP Weekly Outlook

EUR/GBP’s break of 0.8577 resistance and 55 D EMA (now at 0.8562) last week suggest that rebound from 0.8497 is at least correcting the fall from 0.8764. Initial bias is now on the upside this week for 161.8% projection of 0.8497 to 0.8577 from 0.8503 at 0.8632. For, further rise will remain in favor as […]