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Daily Pivots: (S1) 0.8939; (P) 0.8973; (R1) 0.8992; More… Intraday bias in USD/CHF remains on the downside for the moment. Rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Also, fall from 0.9223 is not completed yet. Deeper decline would be seen for retesting 0.8825 low next. On the upside, […]

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EUR/USD Mid-Day Outlook

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USD/JPY Daily Outlook

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29/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2666; (P) 1.2712; (R1) 1.2748; More… Intraday bias in GBP/USD remains neutral at this point. Consolidation from 1.2826 could extend further and another fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern […]
17/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2642; (P) 1.2672; (R1) 1.2699; More… GBP/USD is staying in consolidation below 1.2669 and intraday bias remains neutral. Further rally is expected as long as 1.2445 support holds. Break of 1.2708 resistance will pave the way to 1.2892 resistance next. In the bigger picture, price actions from 1.3141 medium term top are […]
07/01/2024

EUR/USD Weekly Outlook

A short term top was in place at 1.1138 in EUR/USD with last week’s pull back. But as it recovered after dipping to 1.0876, initial bias is neutral this week first. On the downside, below 1.0876 will target 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 […]