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Daily Pivots: (S1) 1.2695; (P) 1.2717; (R1) 1.2742; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen. Risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. In […]

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GBP/USD Mid-Day Outlook

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31/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2815; (P) 1.2841; (R1) 1.2863; More… Further decline is expected in GBP/USD as long as 1.2936 resistance holds. Decisive break of 55 D EMA (now at 1.2781) will suggest that rise from 1.2298 has completed with three waves up to 1.3043. Deeper fall would be seen to 1.2612 support and below. On […]
28/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9019; (P) 0.9046; (R1) 0.9064; More…. Intraday bias in USD/CHF is turned neutral with current retreat and some consolidations could be seen. But further rally is expected as long as 0.8964 support holds. Firm break of 0.9070 will resume larger rise from 0.8332 towards 0.9243 key resistance next. In the bigger picture, […]
09/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2624; (P) 1.2644; (R1) 1.2675; More… Intraday bias in GBP/USD remains neutral for the moment and outlook is unchanged. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of […]