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GBP/USD edged higher to 1.2715 last week but subsequent retreat suggests short term topping, on bearish divergence condition in 4H MACD. Initial bias remains mildly on the downside this week for near term rising channel support (now at 1.2427). Sustained break there will indicate that corrective rebound from 1.2099 has already completed. Nevertheless, above 1.2715 […]

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EUR/USD Weekly Outlook

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EUR/GBP Weekly Outlook

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13/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1028; (P) 1.1052; (R1) 1.1099; More…. EUR/USD rebounded strongly ahead of 38.2% retracement of 1.0665 to 1.1200 at 1.0996 but stays below 1.1153 resistance. Intraday bias remains neutral first. Outlook stays bullish with 1.0996 intact. Break of 1.153 will suggest that larger rally is resuming through 1.1200 to 1.1274 key resistance. Nevertheless, […]
11/02/2025

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2341; (P) 1.2381; (R1) 1.2408; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. While corrective rebound from 1.2099 might still extend, upside should be limited by 38.2% retracement of 1.3433 to 1.2099 at 1.2609. On the downside, break of 1.2248 support will bring retest of 1.2099 low. Firm break […]
12/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 171.04; (P) 173.24; (R1) 174.90; More… EUR/JPY recovered after falling sharply to 171.50. While further decline might be seen, strong support is expected from 170.87 resistance turned support to bring rebound. That should set the range for consolidations below 175.41 short term top. Nevertheless, firm break of 170.87 will argue that larger […]