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Daily Pivots: (S1) 1.2940; (P) 1.2971; (R1) 1.3001; More… Intraday bias in GBP/USD remains neutral as consolidations continues above 1.2906 temporary low. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm break […]

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GBP/USD Mid-Day Outlook

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GBP/JPY Daily Outlook

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03/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.80; (P) 170.28; (R1) 171.10; More…. Intraday bias in EUR/JPY is back on the upside with breach of 170.78 temporary top. Rise from 164.01 would now target 171.58 resistance. Firm break there will resume larger up trend. On the downside, below 169.05 minor support will turn bias back to the downside for […]
03/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9121; (P) 0.9455; (R1) 0.9639; More… Intraday bias in EUR/CHF stays neutral for consolidation above 0.9252. While stronger recovery might be seen, further decline is expected as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend. Next target is 100% projection of 0.9995 […]
09/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3074; (P) 1.3094; (R1) 1.3124; More… Intraday bias in GBP/USD Remains neutral at this point. While corrective fall from 1.3433 might extend lower, strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias back to […]