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Daily Pivots: (S1) 1.0747; (P) 1.0822; (R1) 1.0864; More… EUR/USD’s fall from 1.1138 continues today, and the break of trend line in 4H MACD indicates downside acceleration. Intraday bias remains on the downside. Sustained break of 1.0722 structural support will argue that whole rise from 1.0447 has completed. Deeper fall would then be seen to […]

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29/11/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2597; (P) 1.2621; (R1) 1.2650; More… Intraday bias in GBP/USD stays on the upside for the moment. Current rise from 1.2036 should target 61.8% retracement of 1.3141 to 1.2036 at 1.2716. Upside could be capped there on first attempt, on loss of momentum as seen in 4H MACD. On the downside, below […]
13/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.96; (P) 200.46; (R1) 201.08; More… Intraday bias in GBP/JPY is back on the upside as up trend resumes. Next target is 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. On the downside, below 199.92 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally. […]
11/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2500; (P) 1.2551; (R1) 1.2600; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Fall from 1.2731 short term top is in progress for 55 D EMA (now at 1.2445). Sustained break there will bring retest of 1.2036 low. On the upside, above 1.2611 minor resistance will turn […]