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Daily Pivots: (S1) 1.2471; (P) 1.2589; (R1) 1.2659; More… Intraday bias in GBP/USD remains on the downside at this point. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will be 61.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2489. Firm break there could trigger downside acceleration to 100% […]

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30/11/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3549; (P) 1.3582; (R1) 1.3623; More… A temporary low is formed at 1.3539 with current recovery and intraday bias is turned neutral first. Further decline is expected as long as 1.3653 support turned resistance holds. Below 1.3539 will resume the correction from 1.3897 to 1.3378 support next. In the bigger picture, corrective […]
21/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2687; (P) 1.2707; (R1) 1.2725; More… Intraday bias in GBP/USD remains on the upside at this point. Rise from 1.2298 would target 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the downside, below 1.2642 minor support will turn intraday bias neutral again. But further rise will now remain in […]
12/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8589; (P) 0.8603; (R1) 0.8612; More… EUR/GBP is extending the consolidation from 0.8585 temporary low and intraday bias stays neutral. Further decline is in favor with 0.8638 minor resistance intact. On the downside, break of 0.8585 will resume the fall from 0.8713 to 0.8548 support first. Break there will target 0.8491 low […]