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Daily Pivots: (S1) 1.2713; (P) 1.2764; (R1) 1.2815; More… GBP/USD is staying in consolidation above 1.2706 and intraday bias remains neutral. Risk will stay on the downside with 1.2933 minor resistance intact. Break of 1.2706 will resume the decline from 1.3206 to 61.8% retracement of 1.2099 to 1.3206 at 1.2522. Nevertheless, firm break of 1.2933 […]

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18/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… GBP/USD is staying in consolidation from 1.2404 and intraday bias remains neutral. Upside but upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% projection of […]
17/12/2023

EUR/USD Weekly Outlook

EUR/USD rose to 1.1008 last week but failed to break through 1.1016 resistance and retreated. Initial bias remains neutral this week first. Further rally is expected as long as 1.0722 support holds. Break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. In the bigger picture, price actions from 1.1274 are […]
14/01/2025

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6545; (P) 1.6611; (R1) 1.6648; More… No change in EUR/AUD’s outlook as consolidation from 1.6800 is extending. Downside should be contained by 38.2% retracement of 1.5963 to 1.6800 at 1.6480 in case of another fall. Firm break of 1.6800 will resume the rally from 1.5963. However, firm break of 1.6480 will bring […]