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Daily Pivots: (S1) 1.2590; (P) 1.2613; (R1) 1.2648; More… No change in GBP/USD’s outlook and intraday bias stays neutral, with focus on 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Rejection by this level will keep near term outlook bearish. Break of 1.2331 support will suggest that the rebound from 1.2099 has completed as a […]

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AUD/USD Daily Report

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01/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6479; (P) 0.6505; (R1) 0.6523; More… Intraday bias in AUD/USD is turned neutral with a temporary low formed at 0.6486. Outlook is unchanged that recovery from 0.6442 has completed at 0.6594. Risk will stay on the downside as long as this resistance holds. Below 0.6486 will bring retest of 0.6442 support first. […]
03/12/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.07; (P) 189.68; (R1) 190.89; More… GBP/JPY’s fall from 199.79 is in progress and intraday bias stays on the downside for 183.70 support. Break there will bring retest of 180.00 low. On the upside, above 191.27 minor resistance will turn intraday bias neutral first. But risk will now stay on the downside […]
18/12/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0469; (P) 1.0501; (R1) 1.0524; More… No change in EUR/USD’s outlook as sideway trading continues in tight range. Intraday bias stays neutral at this point. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D EMA (now at 1.0668) holds. On the downside, below 1.0452 […]