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Daily Pivots: (S1) 1.2693; (P) 1.2722; (R1) 1.2780; More… GBP/USD dips mildly after hitting 55 4H EMA but stays in range above 1.2664. Intraday bias remains neutral for the moment. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support. Decisive break there should confirm that rise from […]

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30/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 187.50; (P) 188.04; (R1) 188.73; More… Intraday bias in GBP/JPY remains neutral at this point. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 at 191.04. However, […]
09/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8453; (P) 0.8488; (R1) 0.8516; More…. USD/CHF is extending the consolidation from 0.8332 and intraday bias stays neutral. While recovery could extend higher, outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 projection level. In […]
14/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8529; (P) 0.8548; (R1) 0.8564; More…. EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias is back on the upside for retesting 0.8624 first. Break there will resume the rally from 0.8382. However, decisive break […]