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Daily Pivots: (S1) 1.2445; (P) 1.2510; (R1) 1.2544; More… GBP/USD’s fall from 1.3433 resumed by breaking through 1.2352 today and intraday bias is back on the downside. Deeper decline would be seen to 1.2256/98 cluster support zone. Strong support could be seen there to bring sustainable rebound. But break of 1.2575 resistance is needed to […]

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12/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.03; (P) 197.75; (R1) 198.57; More… Range trading continues in GBP/JPY and intraday bias stays neutral for the moment. Further rally is expected as long as 55 D EMA (now at 194.99) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA […]
07/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0856; (P) 1.0885; (R1) 1.0929; More… EUR/USD’s break of 1.0887 confirms resumption of rebound from 1.0694. Intraday bias is back on the upside for retesting 1.1138 first. Firm break there will resume the rise from 1.0447 to retest 1.1274 high. For now, further rally is in favor as long as 1.0795 support […]
23/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2949; (P) 1.2982; (R1) 1.3019; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3433 is in progress. Sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) will argue that whole rise from 1.2298 has completed and bring deeper fall to 61.8% retracement at […]