GBP/USD Daily Outlook

USD/JPY’s rebound last week suggests short term bottoming at 139.57. just ahead of 139.26 key fibonacci level. Initial bias remains mildly on the upside this week. Further rise would be seen to 38.2% retracement of 161.94 to 139.57 at 148.11. On the downside, below 141.73 minor support will turn bias to the downside for retesting […]

Daily Pivots: (S1) 0.6801; (P) 0.6815; (R1) 0.6837; More… AUD/USD’s rally from 0.6269 continues today and hits as high as 0.6839 so far. Intraday bias remains on the upside for 0.6894 resistance first. Sustained break there will target 0.7156 next. On the downside, below 0.6772 minor support will turn intraday bias neutral first. But outlook […]

Daily Pivots: (S1) 1.0856; (P) 1.0872; (R1) 1.0900; More… EUR/USD’s rebound from 1.0760 short term bottom continues today and intraday bias stays on the upside for 55 D EMA (now at 1.0945). Strong resistance should be seen there to limit upside. On the downside, below 1.0843 minor support will turn intraday bias back to the […]