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Daily Pivots: (S1) 1.2534; (P) 1.2585; (R1) 1.2669; More… Intraday bias in GBP/USD remains on the upside at this point. Sustained break of 1.2731 will confirm resumption of whole rally from 1.2036. Next target is 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. On the downside, below 1.2651 minor support will turn intraday […]

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31/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2653; (P) 1.2687; (R1) 1.2734; More… Intraday bias in GBP/USD remains neutral at this point, as sideway trading continues. Another fall cannot be ruled out, but downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further […]
26/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8567; (P) 0.8576; (R1) 0.8586; More… Intraday bias in EUR/GBP is turned neutral with current retreat. But further rise will remain in favor as long as 0.8529 minor support holds. Rebound from 0.8497 is seen as at least correcting the fall from 0.8764. Above 0.8601 will target 161.8% projection of 0.8497 to […]
25/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… Intraday bias in USD/JPY is turned neutral first with current recovery, and some consolidations would be seen above 151.93 temporary low. But risk will remain on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that […]