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GBP/USD stayed in consolidation below 1.3265 last week and outlook is unchanged. Initial bias remains neutral this week and more sideway trading could be seen. But after all, outlook will stay bullish as long as 1.3043 resistance turned support holds. On the upside, firm break of 1.3265 will resume larger up trend to 100% projection […]

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EUR/USD Weekly Outlook

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02/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8986; (P) 0.9016; (R1) 0.9057; More… Intraday bias in USD/CHF remains on the upside for the moment. Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Sustained trading above the near term falling channel resistance will bring further rally to 0.9157 resistance next. On the downside, below 0.8977 […]
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 […]
25/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… No change in GBP/USD’s as range trading continues. Intraday bias remains neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly […]