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Daily Pivots: (S1) 0.8639; (P) 0.8654; (R1) 0.8663; More… Intraday bias in USD/CHF is turned neutral first with current retreat. Further rally is expected as long as 0.8548 resistance turned support holds. Above 0.8668 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed […]

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GBP/JPY Daily Outlook

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03/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0812; (P) 1.0847; (R1) 1.0883; More…. No change in EUR/USD’s outlook as range trading continues. Intraday bias stays neutral at this point. On the upside, firm break of 1.0894 will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay […]
21/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2718; (P) 1.2753; (R1) 1.2820; More… GBP/USD’s rebound from 1.2666 extended higher but stays below 1.2822. Intraday bias remains neutral first. On the downside, break of 1.2666 support and sustained break of 55 D EMA (now at 1.2685) will target 1.2517 structural support next. However, break of 1.2822 will bring further rally […]
18/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2616; (P) 1.2656; (R1) 1.2715; More… Intraday bias in GBP/USD remains neutral at this point. On the downside, firm break of 1.2595 support will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will resume whole rally from […]