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Daily Pivots: (S1) 1.3145; (P) 1.3221; (R1) 1.3290; More… GBP/USD’s breach of 1.3265 resistance suggests that larger rally is resuming. Intraday bias is mildly on the upside at this point, and further rise should be seen to 1.3364 projection level next. On the downside, however, break of 1.3145 support will turn bias to the downside […]

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18/05/2024

EUR/GBP Weekly Outlook

EUR/GBP’s fall last week argues that rebound from 0.8529 has completed at 0.8619 already. Initial bias remain the downside this week for 0.8529 support first. Decisive break there will that larger down trend is ready to resume through 0.8491/7 support one. On the upside, above 0.8579 minor resistance will delay the bearish case and turn […]
04/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0808; (P) 1.0825; (R1) 1.0857; More… Intraday bias in EUR/USD remains neutral as range trading continues below 1.0887. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to […]
02/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6479; (P) 0.6509; (R1) 0.6554; More… Intraday bias in AUD/USD is turned neutral again with current recovery. On the upside, break of 0.6585 resistance will resume the rebound from 0.6361. That would also affirm the case that fall from 0.6870 has completed. Further rally would be seen to 0.6643 resistance next. Nevertheless, […]