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Daily Pivots: (S1) 1.3111; (P) 1.3137; (R1) 1.3164; More… Further decline is expected in GBP/USD as long as 1.3247 support turned resistance holds. Sustained trading below 1.3140 support should confirm completion of double top pattern (1.3787, 1.3725). Further decline should then be seen to 61.8% retracement of 1.2099 to 1.3787 at 1.2744 next. In the […]

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GBP/JPY Daily Outlook

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24/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8550; (P) 0.8568; (R1) 0.8580; More… Intraday bias in EUR/GBP remains neutral, and further decline is expected as long as 0.8619 resistance holds. On the downside, decisive break of 0.8548 will indicate that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this bearish view […]
02/12/2023

GBP/USD Weekly Outlook

GBP/USD’s rise from 1.2036 continued to 1.2731 last week but retreated after hitting 61.8% retracement of 1.3141 to 1.2036 at 1.2716. Initial bias stays neutral this week first. Some more consolidations could be seen but further rise is expected as long as 1.2590 minor support holds. On the upside, decisive break of 1.2731 will resume […]
11/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.26; (P) 161.22; (R1) 161.82; More… Intraday bias in EUR/JPY is back on the downside with breach of 160.54 temporary low. Fall from 163.70 is resuming to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise from 153.13, and target […]