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Daily Pivots: (S1) 0.6462; (P) 0.6504; (R1) 0.6528; More… AUD/USD’s fall from 0.6941 resumed by breaking through 0.6511 support and intraday bias is back on the downside. Further decline should now be seen to 0.6269/6348 support zone next. For now, near term outlook will stay bearish as long as 0.6687 resistance holds, in case of […]

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GBP/JPY Daily Outlook

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12/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8440; (P) 0.8456; (R1) 0.8472; More… Intraday bias in EUR/GBP remains on the downside. Current down trend should target 0.8376 projection level next. On the upside, above 0.8446 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, down trend from 0.9267 (2022 […]
19/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2716; (P) 1.2731; (R1) 1.2745; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.2892 is in progress for 55 D EMA (now at 1.2677). Firm break there will target 1.2517 structural support. For now, risk will stay mildly on the downside as long as 1.2822 minor […]
30/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.05; (P) 197.83; (R1) 198.87; More… Intraday bias in GBP/JPY remains neutral as consolidations continue above 195.84. Further decline is expected as long as 55 4H EMA (now at 200.20) holds. On the downside, sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that larger scale correction is […]