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Daily Pivots: (S1) 1.0832; (P) 1.0865; (R1) 1.0885; More….. No change in EUR/USD’s outlook and intraday bias stays on the downside. Fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947, and […]

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GBP/USD Daily Outlook

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10/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6260; (P) 1.6307; (R1) 1.6335; More… Intraday bias in EUR/AUD remains neutral for the moment. Further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn bias back to the downside to 1.6127 […]
09/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.63; (P) 191.92; (R1) 192.45; More….. Intraday bias in GBP/JPY stays neutral as consolidations continue below 193.51. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, break of 190.02 will turn bias to the downside for 187.94 support instead. In the […]
15/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2538; (P) 1.2565; (R1) 1.2621; More… Intraday bias in GBP/USD stays neutral as range trading continues. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of 1.2445 will indicate that this rebound […]