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Daily Pivots: (S1) 1.3451; (P) 1.3496; (R1) 1.3587; More… Intraday bias in GBP/USD stays on the upside at this point. Firm break of 61.8% projection of 1.2706 to 1.3442 from 1.3138 at 1.3593 will target 100% projection at 1.3874. On the downside, below 1.3468 minor support will turn intraday bias neutral first. But retreat should […]

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08/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 178.41; (P) 181.75; (R1) 184.88; More… GBP/JPY’s fall from 188.63 extended to as low as 178.58, and breached 23.6% retracement of 148.93 to 188.63 at 179.26 briefly. There is no sign of bottoming yet and intraday bias stays on the downside. Sustained trading below 179.26 will pave the way to 38.2% retracement […]
04/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3050; (P) 1.3166; (R1) 1.3241; More… Intraday bias in GBP/USD remains on the downside as pullback from 1.3433 short term top is progress. Deeper decline would be seen, but strong support is expected from 1.3000 cluster (38.2% retracement of 1.2298 to 1.3433 at 1.2999 to bring rebound. On the upside, above 1.3174 […]
04/04/2025

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8352; (P) 0.8401; (R1) 0.8483; More… Intraday bias in EUR/GBP stays on the upside for medium term channel resistance (now at 0.8490). Firm break there will target 100% projection of 0.8239 to 0.8448 from 0.8314 at 0.8523. On the downside, below 0.8412 minor support will turn intraday bias neutral and bring consolidations […]