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Daily Pivots: (S1) 1.1492; (P) 1.1518; (R1) 1.1548; More… EUR/USD is staying in consolidations below 1.1630 and intraday bias remains neutral. With 1.1372 support intact, further rally is expected. Break of 1.1572 will extend the rise from 1.0176. Next target is 61.8% projection of 1.0176 to 1.1572 from 1.1064 at 1.1927. However, break of 1.1372 […]

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08/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2621; (R1) 1.2666; More… No change in GBP/USD’s outlook and intraday bias stays neutral. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of 1.2682 will suggest […]
01/05/2025

EUR/GBP Daily Outlook

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 […]
11/02/2025

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2341; (P) 1.2381; (R1) 1.2408; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. While corrective rebound from 1.2099 might still extend, upside should be limited by 38.2% retracement of 1.3433 to 1.2099 at 1.2609. On the downside, break of 1.2248 support will bring retest of 1.2099 low. Firm break […]