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Daily Pivots: (S1) 1.3278; (P) 1.3318; (R1) 1.3389; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside. Decisive break of 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371 will pave the way to 100% projection at 1.3601 next. On the downside, below 1.3247 minor support will turn intraday […]

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04/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.03; (P) 186.77; (R1) 187.35; More… Intraday bias in GBP/JPY remains neutral first. Price actions from 188.63 short term top is seen as a near term consolidation pattern for now. As long as 184.44 support holds, further rally is expected. Decisive break of 188.63 will resume larger up trend. In the bigger […]
24/01/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8550; (P) 0.8568; (R1) 0.8580; More… EUR/GBP’s break of 0.8548/54 indicates down trend resumption. Intraday bias is back on the downside. Next target is 0.8491 low, and then 0.8464 projection level. On the upside, above 0.8591 minor resistance will turn intraday bias neutral and bring consolidations again. In the bigger picture, fall […]
24/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.45; (P) 192.15; (R1) 193.47; More.. GBP/JPY is still bounded in range below 193.51 and intraday bias remains neutral. Further rally is expected with 189.97 support intact. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 will indicate that […]