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Daily Pivots: (S1) 0.8418; (P) 0.8456; (R1) 0.8512; More….. Intraday bias in USD/CHF remains neutral as consolidations continues above 0.8399. Further decline is expected as long as 0.8540 minor resistance holds. Break of 0.8339 will resume the decline from 0.9223 and target 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 […]

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GBP/USD Mid-Day Outlook

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15/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2549; (P) 1.2617; (R1) 1.2661; More… GBP/USD dips notably today but stays above 1.2517 support. Intraday bias remains neutral for the now. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of […]
13/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6167; (P) 1.6231; (R1) 1.6286; More… EUR/AUD recovered after dipping to 1.6173 and intraday bias is turned neutral first. But outlook will stay bearish as long as 1.6418 resistance holds. Break of 1.6173 will resume the decline from 1.6742, as the third leg of the correction from 1.7062. Next target is 61.8% […]
16/12/2023

GBP/USD Weekly Outlook

GBP/USD’s rise from 1.2036 resumed last week and edged higher to 1.2793. But with subsequent retreat, initial bias stays neutral this week for consolidations first. Outlook will stay bullish as long as 1.2499 support holds. On the upside, break of 1.2793 will resume the rally to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at […]