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Daily Pivots: (S1) 1.3035; (P) 1.3054; (R1) 1.3077; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutral first. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to complete the correction from 1.3433. On the upside, break of 1.3174 minor resistance will turn bias back […]

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13/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8549; (P) 0.8559; (R1) 0.8574; More…. EUR/GBP’s correction from 0.8624 extends lower today and deeper fall could be seen. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, above 0.8567 minor resistance will turn bias back to the upside for […]
07/07/2024

GBP/USD Weekly Outlook

GBP/USD’s strong rebound last week suggests that corrective pullback from 1.2859 has completed at 1.2612 already. Initial bias remains on the upside this week for 1.2859 first. Firm break there will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. Decisive break there would prompt upside acceleration […]
10/11/2024

USD/CAD Weekly Outlook

USD/CAD stayed in consolidation below 1.3958 last week and outlook is unchanged. Initial bias stays neutral this week and further rally is expected. Decisive break of 1.3976 key resistance will confirm larger up trend resumption. On the downside break of 1.3822 support will bring deeper pullback. But downside should be contained by 55 D EMA […]