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Daily Pivots: (S1) 1.1180; (P) 1.1234; (R1) 1.1296; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, decisive break of 1.1292 resistance should indicate that correction from 1.1572 has already completed after defending 38.2% retracement of 1.0176 to 1.1572 at 1.1039. Intraday bias will be turned back to the upside for […]

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08/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2750; (P) 1.2781; (R1) 1.2839; More… GBP/USD accelerates to as high as 1.2892 so far today. The strong break of 1.2826 resistance confirm resumption of whole rally from 1.2036. Intraday bias stays on the upside for 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005 next. On the downside, below 1.2800 […]
08/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8556; (P) 0.8570; (R1) 0.8585; More…. Intraday bias in EUR/GBP is turned neutral as a temporary low is formed at 0.8552. Some consolidations could be seen and stronger recovery cannot be ruled out. But upside should be limited by 0.8648 support turned resistance to bring another fall. Below 0.8552 will target 0.8491 […]
21/01/2025

AUD/USD Daily Report

Daily Pivots: (S1) 0.6214; (P) 0.6250; (R1) 0.6311; More… Intraday bias in AUD/USD stays neutral at this point. With 0.6301 resistance intact, outlook remains bearish and further decline is expected. Break of 0.6130 will resume the fall from 0.6941. However, considering bullish convergence condition in 4H MACD, break of 0.6310 will indicate short term bottoming, […]