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Daily Pivots: (S1) 1.2552; (P) 1.2597; (R1) 1.2631; More… Intraday bias in GBP/USD remains on the upside for the moment. Current rally from 1.2099 should target 1.2810 resistance. Firm break there should target 61.8% retracement of 1.3433 to 1.2099 at 1.2923 next. On the downside, below 1.2562 minor support will turn intraday bias neutral again […]

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USD/JPY Weekly Outlook

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07/01/2024

EUR/USD Weekly Outlook

A short term top was in place at 1.1138 in EUR/USD with last week’s pull back. But as it recovered after dipping to 1.0876, initial bias is neutral this week first. On the downside, below 1.0876 will target 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 […]
12/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6648; (P) 0.6687; (R1) 0.6727; More… AUD/USD is staying in range above 0.6639 and intraday bias remains neutral. On the downside, break of 0.6639 will resume the fall from 0.6870 short term top to 0.6541 support next. On the upside, though, break of 0.6759 minor resistance will suggest that the pull back […]
20/02/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.00; (P) 191.11; (R1) 191.76; More… Intraday bias in GBP/JPY is now mildly on the downside as fall from 193.04 accelerates lower. Break of 187.04 support will extend the fall from 19979 towards 180.00 support. On the upside, above 190.64 minor resistance will turn intraday bias neutral again first, and probably extend […]