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Daily Pivots: (S1) 1.2968; (P) 1.3006; (R1) 1.3048; More… A temporary top should be formed at 1.3043 as GBP/USD retreated after hitting rising channel resistance. Intraday bias is turned neutral for some consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Above 1.3043 will resume the rise from 1.2298 […]

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USD/JPY Daily Outlook

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07/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2535; (P) 1.2565; (R1) 1.2591; More… GBP/USD is staying in consolidation below 1.2633 temporary top and intraday bias remains neutral at this point. Further rise remains in favor as long as 1.2471 support holds. Above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. In the bigger picture, price actions […]
04/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0888; (P) 1.0927; (R1) 1.0960; More… Intraday bias in EUR/USD stays on the downside at this point. Fall from 1.1138 short term top is in progress for 1.0772 support. Sustained break there will argue that whole rise from 1.0447 has completed, and break deeper fall back to this support. On the upside, […]
08/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2621; (R1) 1.2666; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of 1.2682 will suggest that […]