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Daily Pivots: (S1) 1.3150; (P) 1.3168; (R1) 1.3199; More… GBP/USD is still extending consolidation from 1.3265 and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection of 1.2298 […]

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14/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0938; (P) 1.0969; (R1) 1.1024; More….. EUR/USD’s break of 1.0944 minor resistance suggests that pull back from 1.1007 has completed at 1.0880 already. Intraday bias is back on the upside for 1.1007. Firm break there will resume larger rise from 1.0665. Next target is 100% projection of 1.0665 to 1.0947 from 1.0776 […]
29/11/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6609; (P) 0.6637; (R1) 0.6678; More… AUD/USD’s rally is still in progress and intraday bias stays on the upside. Sustained break of channel resistance (now at 0.6663) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then be seen to 0.6894 resistance for […]
27/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8568; (P) 0.8578; (R1) 0.8588; More… Intraday bias in EUR/GBP stays neutral at this point, and further rise is in favor with 0.8529 support intact. Rebound from 0.8497 is seen as at least correcting the fall from 0.8764. Above 0.8601 will target 161.8% projection of 0.8497 to 0.8577 from 0.8503 at 0.8632. […]