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Daily Pivots: (S1) 188.89; (P) 189.21; (R1) 189.59; More… Intraday bias in GBP/JPY remains neutral and some more consolidation could be seen below 190.05. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias […]

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20/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2681; (P) 1.2708; (R1) 1.2747; More… Intraday bias in GBP/USD remains neutral for consolidations above 1.2666 temporary low. Deeper decline is still in favor as long as 1.2822 resistance holds. On the downside, sustained break of 55 D EMA (now at 1.2677) will target 1.2517 structural support next. In the bigger picture, […]
27/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.57; (P) 190.95; (R1) 191.55; More… Intraday bias in GBP/JPY is back on the upside with breach of 191.12 temporary top. Firm break of 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50 will extend larger up trend to 100% projection at 195.40. On the downside, however, break of 190.32 minor […]
29/11/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6499; (P) 1.6546; (R1) 1.6582; More… Further decline is expected in EUR/AUD with 1.6662 resistance intact. Firm break of 1.6449 support will argue that the pattern from 1.6319 has completed at 1.6844 as a corrective move, and fall from 1.7062 is ready to resume through 1.6319. On the upside, above 1.6662 minor […]