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Daily Pivots: (S1) 0.8274; (P) 0.8287; (R1) 0.8311; More… EUR/GBP is still bounded in range trading above 0.8259 support and intraday bias stays neutral. On the downside, decisive break of 0.8259 will resume larger down trend to 0.8201 key support. On the upside, break of 0.8311 minor resistance will turn bias back to the upside […]

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15/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0599; (P) 1.0665; (R1) 1.0708; More… Intraday bias in EUR/USD remains on the downside at this point. Current is part of the decline from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. On the upside, above 1.0723 support turned resistance will turn intraday bias neutral […]
22/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2336; (P) 1.2402; (R1) 1.2437; More… GBP/USD’s decline extends further to as low as 1.2301 so far today. Intraday bias stays on the downside for 161.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2207 next. On the upside, above 1.2391 minor resistance will turn intraday bias neutral and bring consolidations first, […]
08/12/2024

EUR/JPY Weekly Outlook

EUR/JPY edged lower to 156.16 last week as fall from 166.67 extended, but recovered since then. Initial bias remains neutral this week first. While further recovery cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 162.11) holds. On the downside, below 157.54 minor support will bring retest of […]