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Daily Pivots: (S1) 199.10; (P) 199.82; (R1) 200.30; More… Intraday bias in GBP/JPY is back on the downside with break of 198.99. A short term top should be formed at 201.24, on bearish divergence condition in 4H MACD. Deeper fall should be seen to 197.93 support first. Firm break there will argue that whole rise […]

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GBP/JPY Daily Outlook

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13/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2751; (P) 1.2788; (R1) 1.2829; More… Intraday bias in GBP/USD remains neutral for the moment. Further rally will remain in favor as long as 55 4H EMA (now at 1.2755) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 […]
14/05/2025

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8398; (P) 0.8413; (R1) 0.8422; More… EUR/GBP’s fall from 0.8737 is in progress and intraday bias stays on the downside. Current development suggests that whole rebound from 0.8221 has completed as a corrective move. Further decline should be seen back to 0.8221/8239 support zone. For now, risk will stay on the downside […]
12/10/2024

EUR/USD Weekly Outlook

EUR/USD’s fall from 1.1213 extended to as low as 1.0899 last week, but lost momentum after hitting 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 1.1036 resistance holds. Sustained trading below 1.0920 will argue that fall from […]