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Daily Pivots: (S1) 1.2551; (P) 1.2577; (R1) 1.2624; More… Intraday bias in GBP/USD is turned neutral first with current recovery. Strong support could be seen from 1.2499 structural support to complete the correction from 1.2826. Break of 1.2628 minor resistance will turn bias back to the upside for strong rebound. However, decisive break of 1.2499 […]

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25/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2642; (P) 1.2694; (R1) 1.2740; More… Immediate focus is now on 1.2784 minor resistance in GBP/USD. Decisive break there will suggest that consolidation pattern from 1.2826 has completed. Further rise should be seen through 1.2826 to resume the rise from 1.2036. Next target will be 1.3141 high. in case of another fall, […]
15/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3035; (P) 1.3054; (R1) 1.3077; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to complete the correction from 1.3433. On the upside, break of 1.3174 minor resistance will turn bias back to […]
16/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 140.08; (P) 140.99; (R1) 141.69; More… Outlook in USD/JPY is unchanged and intraday bias stays on the downside. Some support could be seen from 139.26 fibonacci level to bring rebound. But outlook will remain bearish as long as 143.03 resistance holds. Decisive break of 139.26 would carry larger bearish implications, and target […]