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Daily Pivots: (S1) 1.2982; (P) 1.3003; (R1) 1.3031; More… Intraday bias in GBP/USD is turned neutral with current recovery. On the downside, sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) will argue that whole rise from 1.2298 has completed and bring deeper fall to 61.8% retracement at 1.2732. Nevertheless, […]

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08/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8303; (P) 0.8322; (R1) 0.8336; More… Intraday bias in EUR/GBP stays neutral and outlook remains bearish with 0.8446 resistance intact. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound from 0.8294 short term bottom […]
09/03/2024

GBP/USD Weekly Outlook

GBP/USD broke through 1.2826 resistance to resume the whole rally from 1.2063. Initial bias stays on the upside this week for 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005. On the downside, below 1.2800 minor support will turn intraday bias neutral first. But further rise will remain in favor as long as 55 […]
23/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… Outlook in USD/JPY is unchanged and intraday bias remains neutral. On the downside, break of 144.44 temporary low will reaffirm the case that rebound form 141.67 has completed, and bring retest of this low. On the upside, break of 149.35 will resume the rebound to 61.8% […]