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Daily Pivots: (S1) 1.2504; (P) 1.2537; (R1) 1.2595; More… Intraday bias in GBP/USD is turned neutral with current retreat. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2580). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this […]

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05/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8548; (P) 0.8557; (R1) 0.8564; More… Intraday bias in EUR/GBP remains neutral at this point, and outlook is unchanged. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8572) will argue that fall from 0.8764 has completed. Intraday bias will be back on the […]
02/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2698; (P) 1.2735; (R1) 1.2770; More… GBP/USD is staying in consolidation from 1.2826 and intraday bias stays neutral at this point. With 1.2611 support intact, further rally is in favor. On the upside, break of 1.2826 will resume larger rise from 1.2036 to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at […]
20/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0728; (P) 1.0741; (R1) 1.0756; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further decline is expected as long as 55 4H EMA (now at 1.0756) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target 1.0601 low first. Firm break […]