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Daily Pivots: (S1) 1.3050; (P) 1.3092; (R1) 1.3126; More… GBP/USD’s fall from 1.3433 short term top is still in progress. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias back to the upside for stronger rebound. However, […]

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15/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9377; (P) 0.9403; (R1) 0.9434; More…. EUR/CHF is still bounded in converging range and intraday bias stays neutral for the moment. ON the upside, break of 0.9506 resistance should resume whole rebound from 0.9209 through 0.9579 resistance. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. […]
27/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8518; (P) 0.8550; (R1) 0.8569; More…. Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations should be seen first. But outlook will stay bearish as long as 0.8665 support turned resistance holds. Below 0.8513 will resume larger down trend to 100% projection of 0.9111 to 0.8665 from 0.8819 […]
05/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.13; (P) 155.31; (R1) 156.07; More…. Intraday bias in USD/JPY is turned neutral first as it recovered after dipping to 154.53. But risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On the downside, […]