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Daily Pivots: (S1) 1.2480; (P) 1.2539; (R1) 1.2590; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations could be seen above 1.2486. But outlook will stay bearish as long as 1.2713 resistance holds. Break of 12487 will resume the fall from 1.3433 to 1.2298 cluster support zone. In the bigger […]

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09/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.57; (P) 147.97; (R1) 148.61; More… Intraday bias in USD/JPY remains neutral for consolidations below 149.11 temporary top. Further rally is expected as long as 141.63 support holds. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of […]
27/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8330; (P) 0.8347; (R1) 0.8364; More… Range trading continues in EUR/GBP and intraday bias remains neutral at this point. Outlook stays bearish with 0.8446 resistance intact. On the downside, decisive break of 0.8259 will resume larger down trend to 0.8201 key support. In the bigger picture, down trend from 0.9267 (2022 high) […]
13/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2512; (P) 1.2564; (R1) 1.2614; More… Intraday bias in GBP/USD remains neutral and further decline is mildly in favor with 1.2614 minor resistance intact. Break of 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA (now at 1.2452). Sustained break there will bring retest of 1.2036 […]