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Daily Pivots: (S1) 1.2925; (P) 1.2955; (R1) 1.2997; More… Intraday bias in GBP/USD remains on the upside for the moment. Sustained trading above 61.8% retracement of 1.3433 to 1.2099 at 1.2923 will resume the rise from 1.2099, and pave the way back to 1.3433 high. Nevertheless, break of 1.2860 support should indicate short term topping […]

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20/02/2025

GBP/USD Daily Outlook

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 […]
24/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6468; (P) 1.6516; (R1) 1.6545; More… Outlook is mixed up by deeper than expected fall from 1.6679. On the downside, firm break of 1.6368 support will revive that case that rebound from 1.6127 has completed at 1.6742. Fall from there is seen as the third leg of the pattern from 1.7062. Deeper […]
20/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2711; (R1) 1.2782; More… GBP/USD dips notably today but stays well above 1.2499 support. Intraday bias remains neutral first. While more consolidations could be seen, further rally is still expected. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 […]