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Daily Pivots: (S1) 1.2131; (P) 1.2172; (R1) 1.2244; More… A temporary low is formed at 1.2099 with current recovery, and intraday bias is turned neutral first. Some consolidations would be seen but outlook will stay bearish as long as 1.2486 support turned resistance holds. Break of 1.2099 will resume the decline from 1.3433 to 100% […]

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26/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8411; (P) 0.8425; (R1) 0.8455; More…. Intraday bias in EUR/GBP remains neutral for the moment and outlook stays bearish as long as 0.8498 resistance holds. Larger down trend should resume through 0.8382 at a later stage. In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is […]
26/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2464; (P) 1.2495; (R1) 1.2543; More… Intraday bias in GBP/USD remains neutral for the moment. Near term outlook stays bearish as long as 1.2538 support turned resistance holds. Break of 1.2421 minor support will argue that rebound from 1.2298 has completed and bring retest of this low. However, decisive break of 1.2538 […]
29/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2448; (P) 1.2495; (R1) 1.2540; More… GBP/USD’s rebound form 1.2298 is resuming and intraday bias is back on the upside. Further rally would be seen to 55 D EMA (now at 1.2582). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, […]