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Daily Pivots: (S1) 1.2883; (P) 1.2937; (R1) 1.3004; More… GBP/USD is still bounded in range below 1.3013 and intraday bias remains neutral. Consolidation from 1.3013 could extend. In case of another fall, downside should be contained by 38.2% retracement of 1.2248 to 1.3013 at 1.2721 to bring rebound. On the upside, break of 1.3013 will […]

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AUD/USD Weekly Report

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26/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2464; (P) 1.2495; (R1) 1.2543; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Near term outlook stays bearish as long as 1.2538 support turned resistance holds. Break of 1.2421 minor support will argue that rebound from 1.2298 has completed and bring retest of this low. However, decisive break of […]
07/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2694; (P) 1.2728; (R1) 1.2765; More… Intraday bias in GBP/USD remains on the upside at this point. Rise from 1.2517 should target 1.2826 resistance first. Firm break there will resume whole rally from 1.2036, and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005 next. On the downside, below 1.2689 […]
08/01/2025

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0309; (P) 1.0371; (R1) 1.0403; More… EUR/USD is staying in consolidation above 1.0223 and intraday bias stays neutral. Further decline remains in favor as long as 1.0457 resistance holds. Firm break of 1.0223 will resume the fall from 1.1213. However, sustained break of 1.0457 will confirm short term bottoming, and turn bias […]