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Daily Pivots: (S1) 1.2631; (P) 1.2710; (R1) 1.2752; More… Sterling’s extended decline today suggests that corrective rebound from 1.2486 has completed at 1.2810 already. Immediate focus is now on 1.2615 minor support. Firm break there will bring retest of 1.2486 first. Break there will resume whole decline from 1.3433 to 1.2298 cluster support zone. In […]

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15/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2396; (P) 1.2481; (R1) 1.2535; More… Intraday bias in GBP/USD remains on the downside at this point. Current fall from 1.2892 is in progress for 100% projection of 1.2892 to 1.2538 from 1.2708 at 1.2354. Firm break there will target 161.8% projection at 1.2207 next. On the upside, above 1.2510 minor resistance […]
01/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2598; (P) 1.2640; (R1) 1.2667; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise […]
25/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6633; (P) 0.6650; (R1) 0.6675; More… AUD/USD is still bounded in consolidation from 0.6713 and intraday bias stays neutral. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 […]