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Daily Pivots: (S1) 1.2636; (P) 1.2666; (R1) 1.2720; More… GBP/USD is still bounded in range below 1.2793 and intraday bias remains neutral at this point. Further rally is still expected as long as 1.2499 support holds. . On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection […]

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11/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 185.34; (P) 186.72; (R1) 187.71; More… GBP/JPY’s fall from 193.45 extends lower today and intraday bias stays on the downside for retesting 180.00 low. Break there will resume whole fall from 208.09. On the upside, above 188.08 minor resistance will turn intraday bias neutral. In the bigger picture, price actions from 208.09 […]
17/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8408; (P) 0.8425; (R1) 0.8452; More… Intraday bias in EUR/GBP remains neutral and some more consolidations could be seen above 0.8396 temporary low. But outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376 projection level next. In the bigger picture, […]
25/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… USD/JPY’s fall from 161.94 continues today and there is no sign of bottoming. Intraday bias remains on the downside for 151.89 resistance turned support. Decisive break there will argue that large scale correction is underway to 148.66 fibonacci level. On the upside, above 154.09 minor resistance […]