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Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2608; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen above 1.2486. Further decline is expected as long as 1.2713 resistance holds. On the downside, break of 1.2486 will resume the fall from 1.3433 to 1.2298 cluster support zone. In the bigger picture, a […]

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04/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2627; (P) 1.2652; (R1) 1.2689; More… Intraday bias in GBP/USD remains neutral for the moment, and some more range trading could be seen. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for […]
16/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.52; (P) 163.21; (R1) 164.47; More… Intraday bias in EUR/JPY remains on the upside for the moment. Fall from 175.41 should have completed at 154.40 already. Rise from there is seen as the second leg of the corrective pattern from 175.41. Further rally is expected to 61.8% retracement of 175.41 to 154.40 […]
18/05/2024

EUR/AUD Weekly Outlook

EUR/AUD stayed in sideway trading above 1.6216 last week and outlook is unchanged. Initial bias remains neutral this week first and further decline is expected. Break of 1.6216 will resume the fall from 1.6742, as the third leg of the corrective pattern from 1.7062. Next target will be 1.6127 support, or further to 100% projection […]