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Daily Pivots: (S1) 1.2678; (P) 1.2700; (R1) 1.2730; More… GBP/USD is staying in consolidations in tight range and intraday bias remains neutral. Risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. […]

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17/08/2024

GBP/USD Weekly Outlook

GBP/USD’s strong rally last week indicates that correction from 1.3043 has completed at 1.2664 already ahead of 1.2612 support. Initial bias remains on the upside this week for retesting 1.3043. Firm break there will resume whole rise from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 […]
03/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 154.84; (P) 155.59; (R1) 156.11; More… Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, above 158.55 will resume the corrective rebound from 153.15. On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69. In the bigger […]
25/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2642; (P) 1.2694; (R1) 1.2740; More… Immediate focus is now on 1.2784 minor resistance in GBP/USD. Decisive break there will suggest that consolidation pattern from 1.2826 has completed. Further rise should be seen through 1.2826 to resume the rise from 1.2036. Next target will be 1.3141 high. in case of another fall, […]