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Daily Pivots: (S1) 0.8919; (P) 0.8961; (R1) 0.9007; More… Further decline is expected in USD/CHF with 0.9000 resistance intact. Deeper decline would be seen to 0.88825 support. Fall from 0.9223 should be in progress with near term channel intact. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break […]

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GBP/JPY Daily Outlook

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07/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2551; (P) 1.2577; (R1) 1.2624; More… Intraday bias in GBP/USD is turned neutral first with current recovery. Strong support could be seen from 1.2499 structural support to complete the correction from 1.2826. Break of 1.2628 minor resistance will turn bias back to the upside for strong rebound. However, decisive break of 1.2499 […]
30/01/2024

EUR/AUD Mid-Day Outlook

Daily Pivots: (S1) 1.6340; (P) 1.6423; (R1) 1.6470; More… Intraday bias in EUR/AUD is turned neutral first with today’s strong recovery. On the upside, break of 1.6512 minor resistance will argue that pull back from 1.6671 has completed, and revive near term bullishness. Intraday bias will be back on the upside for 1.6671 resistance. On […]
30/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8399; (P) 0.8417; (R1) 0.8430; More…. EUR/GBP’s fall from 0.8624 is still in progress and intraday bias stays on the downside for retesting 0.8382 low. Strong support could be seen from there to bring rebound on first attempt. Above 0.8449 minor resistance will turn intraday bias neutral first. But risk will stay […]