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Daily Pivots: (S1) 1.2552; (P) 1.2597; (R1) 1.2631; More… GBP/USD is still struggling in tight range around 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Intraday bias remains neutral for the moment. Rejection by 1.2609 will keep near term outlook bearish. Break of 1.2331 support will suggest that the rebound from 1.2099 has completed as […]

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10/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3046; (P) 1.3095; (R1) 1.3121; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Further rise is expected with 1.3043 resistance turned support intact. On the upside, firm break of 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. However, firm break […]
23/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0805; (P) 1.0834; (R1) 1.0852; More… Intraday bias in EUR/USD stays neutral for the moment. On the upside, break of 1.0894 will resume the rise from 1.0601 to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at 1.0601 already. However, firm break of 1.0810 will dampen […]
12/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2529; (P) 1.2560; (R1) 1.2587; More… Intraday bias in GBP/USD is turned neutral with a temporary low formed at 1.2501. But further decline remains mildly in favor with 1.2611 minor resistance intact. Below 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA (now at 1.2450). Sustained […]