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Daily Pivots: (S1) 180.70; (P) 182.02; (R1) 182.76; More… GBP/JPY’s fall from 184.15 extends lower today but overall it’s staying in range above 178.32. Intraday bias remains neutral and further decline is expected. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, […]

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24/08/2024

GBP/USD Weekly Outlook

GBP/USD’s rally accelerated higher last week and the break of 1.3141 resistance confirms larger up trend resumption. Initial bias remains on the upside this week for 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support will turn intraday bias neutral and bring consolidations, before staging another rally. […]
12/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8589; (P) 0.8603; (R1) 0.8612; More… EUR/GBP is extending the consolidation from 0.8585 temporary low and intraday bias stays neutral. Further decline is in favor with 0.8638 minor resistance intact. On the downside, break of 0.8585 will resume the fall from 0.8713 to 0.8548 support first. Break there will target 0.8491 low […]
23/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9117; (P) 0.9138; (R1) 0.9178; More…. Intraday bias in USD/CHF is turned neutral with current retreat. On the upside, above 0.9157 will resume the rebound from 0.8987 to retest 0.9223 high. On the downside, break of 0.9077 support will bring retest of 0.8987. Break there will resume the fall from 0.9223 to […]