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Daily Pivots: (S1) 1.3145; (P) 1.3221; (R1) 1.3290; More… Intraday bias in GBP/USD remains on the upside at this point. Current rally should target 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371 in the near term. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, however, […]

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03/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.08; (P) 146.62; (R1) 147.47; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Pull back from 149.35 should have completed at 143.43 already. Further rise should be seen to 149.35 resistance first. Firm break there will resume the rebound from 141.67 and target 100% projection of 141.67 […]
21/01/2024

GBP/USD Weekly Outlook

GBP/USD’s corrective pattern from 1.2826 continued last week. Initial bias stays neutral this week first. Deeper pull back could be seen, and break of 1.2595 will target 1.2499 support. On the upside, however, firm break of 1.2826 will resume larger rise from 1.2036 towards 1.3141 high. In the bigger picture, price actions from 1.3141 medium […]
14/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2778; (P) 1.2794; (R1) 1.2814; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Further rally will remain in favor as long as 55 4H EMA (now at 1.2764) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from […]