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Daily Pivots: (S1) 1.3334; (P) 1.3389; (R1) 1.3499; More… Intraday bias in GBP/USD is back on the upside with breach of 1.3422. Immediate focus is now on 1.3433 key resistance. Firm break there will confirm larger up trend resumption. Next near term target is 61.8% projection of 1.2706 to 1.3422 from 1.3232 at 1.3674. However, […]

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EUR/USD Daily Outlook

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EUR/GBP Daily Outlook

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26/10/2024

USD/CAD Weekly Outlook

USD/CAD’s rally from 1.3418 continued last week and there is no clear sign of topping yet. Initial bias stays on the upside this week for 1.3946/76 resistance zone. On the downside, below 1.3837 minor support will turn intraday bias and bring consolidations first. In the bigger picture, sideway consolidation pattern from 1.3976 (2022 high) might […]
29/06/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.2859 tied to continued last week but failed to sustain below 1.2633 resistance turned support. Still, further decline is expected as long as 1.2702 resistance holds. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. On the upside, however, firm […]
26/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8567; (P) 0.8576; (R1) 0.8586; More… Intraday bias in EUR/GBP is turned neutral with current retreat. But further rise will remain in favor as long as 0.8529 minor support holds. Rebound from 0.8497 is seen as at least correcting the fall from 0.8764. Above 0.8601 will target 161.8% projection of 0.8497 to […]