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Daily Pivots: (S1) 1.0722; (P) 1.0762; (R1) 1.0799; More… Further decline remains in favor in EUR/USD despite loss of downside momentum. Sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to retest 1.0447 support. However, on the upside, above 1.0816 minor resistance will turn intraday bias […]

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GBP/USD Mid-Day Outlook

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04/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.61; (P) 191.49; (R1) 192.66; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. On the upside, above 193.45 will resume the rebound from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35. However, firm break of 188.23 support will argue that rebound from 180.00 has completed, and […]
09/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6631; (P) 0.6699; (R1) 0.6738; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Fall from 0.6823 short term top would target 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, above 0.6766 resistance will bring retest of […]
05/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0821; (P) 1.0849; (R1) 1.0866; More… Intraday bias in EUR/USD is turned neutral with current retreat. Rise from 1.0723 is seen as the third leg of the corrective pattern from 1.0694. Above 1.0875 will target 1.0941/0980 resistance zone. On the downside, though, sustained trading below 55 4H EMA (now at 1.0814) will […]