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Daily Pivots: (S1) 1.2587; (P) 1.2609; (R1) 1.2637; More… Intraday bias in GBP/USD remains 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 correction, and bring retest […]

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03/03/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.00; (P) 189.16; (R1) 190.62; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Further decline is in favor as long as 193.04 resistance holds. On the downside, firm break of 187.04 will extend the fall from 199.79 towards 180.00 support. That will also raise the chance that correction from […]
24/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0812; (P) 1.0864; (R1) 1.0906; More… EUR/USD’s breach of 1.0843 temporary low suggests that fall from 1.1138 is resuming. Intraday bias is back on the downside for 1.0722 support first. Decisive break there will argue that whole rise from 1.0447 has completed, and target this low. Nevertheless, on the upside, firm break […]
27/01/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4311; (P) 1.4349; (R1) 1.4382; More… Intraday bias in USD/CAD remains neutral as sideway trading continues below 1.4516. Further rally is expected as long as 1.4260 support holds. On the upside, firm break of 1.4516 will resume larger up trend to 1.4667/89 key resistance zone. Nevertheless, firm break of 1.4260 will turn […]