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Daily Pivots: (S1) 0.8415; (P) 0.8445; (R1) 0.8486; More… Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. Nevertheless, firm break of 0.8548 will turn bias back to the […]

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23/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2949; (P) 1.2982; (R1) 1.3019; More… Intraday bias in GBP/USD remains on the downside at this point. Sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) will argue that whole rise from 1.2298 has completed and bring deeper fall to 61.8% retracement at 1.2732. On the upside, […]
07/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8874; (P) 0.8911; (R1) 0.8930; More…. Intraday bias in USD/CHF stays neutral with focus on 0.8883 fibonacci level. Strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain near term bullishness. However, sustained break of 0.8883 fibonacci level will […]
18/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.20; (P) 164.51; (R1) 165.08; More… Intraday bias in EUR/JPY stays neutral for the moment. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.26 support will argue that it’s at least correcting the rise from 153.15, and target 38.2% […]