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Daily Pivots: (S1) 1.3050; (P) 1.3092; (R1) 1.3126; More… While GBP/USD’s corrective fall from 1.3433 might extend lower, strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias back to the upside for stronger rebound. However, decisive break […]

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25/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8302; (P) 0.8345; (R1) 0.8366; More… Intraday bias in EUR/GBP is turned neutral as it recovered after hitting 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324. Some consolidations would be seen first, but outlook will remain bearish as long as 0.8399 support turned resistance holds. On the downside, below 0.8316 […]
12/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3599; (P) 1.3623; (R1) 1.3658; More… USD/CAD dipped to 1.3588 but recovered after hitting 1.3589 support. Intraday bias remains neutral first. Outlook is unchanged that corrective pattern from 1.3845 could extend. Break of 1.3589 will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there […]
22/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0618; (P) 1.0648; (R1) 1.0686; More… EUR/USD is staying in consolidation from 1.0601 and intraday bias stays neutral. Upside of recovery should be limited by 1.0723 support turned resistance. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. In the […]