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Daily Pivots: (S1) 1.3426; (P) 1.3468; (R1) 1.3535; More… No change in GBP/USD’s outlook and intraday bias stays neutral. On the upside, firm break of 1.3561 support turned resistance will argue that correction from 1.3787 has already completed after hitting 1.3369 support. Intraday bias will be back on the upside for retesting 1.3787. Nevertheless, firm […]

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27/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2697; (P) 1.2714; (R1) 1.2742; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is extending. As long as 1.2499 support holds, near term outlook will stay bullish and further rally is expected. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% […]
29/11/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0933; (P) 1.0946; (R1) 1.0967; More… Intraday bias in EUR/USD remains neutral at this point. Consolidation pattern from 1.0964 could still extend further. But after all. further rally is in favor as long as 1.0823 support holds. Sustained break of 61.8% retracement of 1.1274 to 1.0447 at 1.0958 will resume the rise […]
28/01/2025

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0453; (P) 1.0493; (R1) 1.0532; More… Intraday bias in EUR/USD is turned neutral with current retreat. On the downside, break of 1.0371 support will indicate rejection by 38.2% retracement of 1.1213 to 1.0176 at 1.0572 and retain near term bearishness. Retest of 1.0176 low should be seen next. On the upside, though, […]