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Daily Pivots: (S1) 1.2630; (P) 1.2701; (R1) 1.2789; More… Intraday bias in GBP/USD is mildly on the upside for retesting 1.2826 high. Decisive break there will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from 1.3141 medium […]

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02/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.60; (P) 161.11; (R1) 162.01; More…. Intraday bias in EUR/JPY remains neutral as range trading continues below 163.86. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 […]
06/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD remains mildly on the upside at this point. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to 1.2568 from 1.2471 will target 100% projection at 1.2741. […]
18/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1101; (P) 1.1124; (R1) 1.1136; More…. Range trading continues in EUR/USD and intraday bias remains neutral. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, below 1.1072 minor support will turn bias back to the […]