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Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… Intraday bias in GBP/USD remains neutral first. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D EMA (now at […]

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07/01/2024

EUR/CHF Weekly Outlook

EUR/CHF stayed in consolidation above 0.9252 last week and outlook is unchanged. Initial bias stays neutral this week first. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend to 100% projection of 0.9995 to […]
02/02/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9309; (P) 0.9325; (R1) 0.9342; More… Further decline could be seen in EUR/CHF with 0.9363 minor resistance intact. But strong support is still expected above 0.9252 low to bring rebound. On the upside, above 0.9363 minor resistance will turn bias back to the upside. Further break of 0.9471 will resume the rebound […]
02/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2513; (P) 1.2578; (R1) 1.2617; More… GBP/USD’s decline is still in progress and intraday bias stays on the downside for 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. For now, risk will stay on the downside as […]