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EUR/JPY’s break of 164.16 resistance last week indicates that rise from 154.77 is resuming. Initial bias stays on the upside this week. Next target is 100% projection of 154.77 to 164.16 from 158.27 at 167.66. On the downside, break of 161.68 support is needed to indicate short term topping. Otherwise, further rally is still expected […]

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GBP/USD Weekly Outlook

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EUR/GBP Weekly Outlook

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07/04/2025

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8445; (P) 0.8484; (R1) 0.8539; More… EUR/GBP’s rally continues today and breaks through 100% projection of 0.8239 to 0.8448 from 0.8314 at 0.8523. Intraday bias stays on the upside for 0.8624 key cluster resistance next. On the downside, below 0.8475 minor support will turn intraday bias neutral and bring consolidations first. In […]
01/05/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3759; (P) 1.3809; (R1) 1.3847; More… USD/CAD’s breach of 1.3780 suggests that fall from 1.4791 is resuming. Intraday bias is back on the downside for 1.3727 fibonacci level next. On the upside, break of 1.3903 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery. […]
05/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2729; (P) 1.2784; (R1) 1.2861; More… Range trading continues in GBP/USD and intraday bias stays neutral for the moment. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target 1.2612 support first. Decisive break there should confirm that rise from 1.2298 has completed. However, break of […]