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Daily Pivots: (S1) 1.0689; (P) 1.0710; (R1) 1.0745; More… EUR/USD’s rebound from 1.0601 resumed by breaking through 1.0752 and intraday bias back on the upside. Strong break of 55 D EMA suggests that fall from 1.0980 has completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of […]

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27/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3170; (P) 1.3197; (R1) 1.3215; More… Intraday bias in GBP/USD stays on the upside at hits point. Current up trend should target 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3179 minor support will turn intraday bias neutral and bring consolidations, before staging another rally. In […]
05/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2744; (P) 1.2756; (R1) 1.2772; More… GBP/USD’s rebound from 1.2612 is still in progress and intraday bias stays on the upside. Correction from 1.2859 should completed at 1.2612. Firm break of 1.2859 will resume rally from 1.2298. On the downside, though, below 1.2705 will dampen the immediate bullish case, and turn intraday […]
18/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.94; (P) 189.49; (R1) 190.38; More….. Intraday bias in GBP/JPY remains on the upside at this point. Correction from 191.29 should have completed at 187.94 already. Further rise should be seen to retest 191.29 high first. Decisive break there will bring larger up trend resumption. On the downside, below 188.56 minor support […]