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Daily Pivots: (S1) 1.2737; (P) 1.2758; (R1) 1.2791; More… Intraday bias in GBP/USD remains neutral as range trading continues. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2840) holds. On the downside, below 1.2615 minor support will bring retest of […]

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28/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2744; (P) 1.2761; (R1) 1.2788; More… GBP/USD’s rally continues today and intraday bias stays on the upside. Rise from 1.2298 should target 1.2892 resistance next. For now, further rally is expected as long as 1.2670 support holds, in case of retreat. In the bigger picture, price actions from 1.3141 medium term top […]
31/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6502; (P) 1.6535; (R1) 1.6577; More… Intraday bias in EUR/AUD is back on the upside as rise from 1.5996 resumes. Further rally should be seen to 1.6742 resistance. As noted before, corrective fall from 1.7062 should have completed with three waves down to 1.5998. Firm break of 1.6742 will argue that larger […]
19/12/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2513; (P) 1.2621; (R1) 1.2679; More… GBP/USD’s break of 1.2615 support suggest that recovery from 1.2486 has completed at 1.2810. Intraday bias is back on the downside for retesting 1.2486. Firm break there will resume the fall from 1.3433 and target 1.2298 cluster support zone. Nevertheless, break of 1.2728 minor resistance will […]