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Daily Pivots: (S1) 1.2511; (P) 1.2564; (R1) 1.2620; More… GBP/USD recovers further today but stays below 1.2713 resistance. Intraday bias stays neutral and further decline remains in favor. On the downside, break of 1.2486 will resume the fall from 1.3433 to 1.2298 cluster support zone. However, firm break of 1.2713 will indicate short term bottoming, […]

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31/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8515; (P) 0.8542; (R1) 0.8566; More… EUR/GBP failed to break through 0.8563 minor resistance decisively, and intraday bias remains neutral. On the upside, firm break of 0.8563 will suggest short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be turned to the upside for stronger rebound to 55 […]
13/07/2024

GBP/USD Weekly Outlook

GBP/USD’s strong break of 1.2859 resistance last week confirmed resumption of rally from 1.2298. Initial bias stays on the upside this week. Next target is 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2898 minor support will turn bias neutral […]
16/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2421; (P) 1.2460; (R1) 1.2484; More… Intraday bias in GBP/USD stays neutral first and more consolidations could be seen. But recovery recovery should be limited by 1.2577 minor resistance to bring another fall. On the downside, firm break of 1.2419 will resume the decline from 1.2892 to 100% projection of 1.2892 to […]