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Daily Pivots: (S1) 0.8474; (P) 0.8507; (R1) 0.8531; More… EUR/GBP’s decline from 0.8737 is still in progress and deeper fall could be seen to 55 D EMA (now at 0.8453). Sustained break there will argue that whole rebound from 0.8221 has completed and turn near term outlook bearish. On the upside, though, break of 0.8622 […]

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USD/JPY Mid-Day Outlook

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06/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… GBP/USD’s fall from 1.3043 resumed by breaking 1.2706 temporary low and intraday bias is back on the downside for 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this support next. For now, risk will remain on the downside as […]
28/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6284; (P) 1.6333; (R1) 1.6369; More… Break of 1.6322 minor support argues that rebound from 1.6211 has completed at 1.6403 after rejection by 55 D EMA. Intraday bias is back on the downside for retesting 1.6211 first. Firm break there will resume the whole decline from 1.6742, as the third leg of […]
19/11/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0550; (P) 1.0578; (R1) 1.0627; More… Intraday bias in EUR/USD remains neutral as consolidations continue above 1.0495 temporary low. Outlook will stay bearish as long as 1.0760 support turned resistance holds. On the downside, firm break of 1.0495 will resume the fall from 1.1213 to 1.0447 support and then 1.0404 key fibonacci […]