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Daily Pivots: (S1) 1.2442; (P) 1.2554; (R1) 1.2614; More… Intraday bias in GBP/USD stays on the downside at this point. Current decline from 1.3433 should target 61.8% projection of 1.3433 to 1.2486 from 1.2810 at 1.2225. On the upside, above 1.2607 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as […]

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10/12/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0526; (P) 1.0560; (R1) 1.0589; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Rebound from 1.0330 short term bottom could still extend higher. But outlook will remain bearish as long as 55 D EMA (now at 1.0711) holds. On the downside, break of 1.0471 minor support will turn bias […]
23/12/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2491; (P) 1.2553; (R1) 1.2630; More… GBP/USD is staying in consolidations above 1.2474 temporary low and intraday bias remains neutral. Outlook will stay bearish as long as 1.2810 resistance holds. On the downside, break of 1.2474 will resume the fall from 1.3433 to 1.2298 cluster support zone. In the bigger picture, price […]
13/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3063; (P) 1.3095; (R1) 1.3159; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.3265 resistance will resume larger rally to 1.3364 projection next. Nevertheless, break of 1.3000 will extend the correction from 1.3265 to 55 D EMA (now at 1.2962) and possibly below. In […]