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Daily Pivots: (S1) 1.3023; (P) 1.3058; (R1) 1.3095; More… Intraday bias in GBP/USD stays neutral for the moment. While corrective fall from 1.3433 might extend lower, 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 […]

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04/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1018; (P) 1.1051; (R1) 1.1075; More…. Intraday bias in EUR/USD stays neutral at this point. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1104 minor resistance will bring retest of 1.1200 first. Break there will target […]
19/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8636; (P) 0.8685; (R1) 0.8710; More….. Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.8616 support will indicate rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734, and turn bias back to the downside for retesting 0.8431 low. On the upside, sustained break of 0.8734 […]
25/05/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rise from 164.01 extended by breaking through 169.38 resistance last week. This rally is seen as the second leg of the corrective pattern from 171.58. Initial bias remains on the upside for 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62, and then 171.58 high. On the downside, break of 169.05 minor support […]