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Daily Pivots: (S1) 1.2979; (P) 1.3011; (R1) 1.3074; More… GBP/USD falls notably today but stays above 1.2842 temporary low. Intraday bias remains neutral at this point. Further decline is expected as long as 1.3047 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering […]

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05/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8989; (P) 0.9033; (R1) 0.9057; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the downside, firm break of 55 4H EMA (now at 0.9018) will bring deeper pullback. But downside should be contained by 0.8884 resistance turned support to bring rebound. On the upside, break of 0.9094 will […]
30/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9079; (P) 0.9116; (R1) 0.9143; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.9155 will resume the rally from 0.8332 and should target 0.9243 key resistance next. On the downside, break of 0.9085 will turn bias to the downside for deeper pullback. In the […]
30/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.34; (P) 165.75; (R1) 166.35; More…. EUR/JPY’s rally from 155.14 is in progress and intraday bias stays on the upside for 61.8% retracement of 175.41 to 154.40 at 167.38. Sustained break there will pave the way to retest 175.41 high. On the downside, below 163.79 minor support will turn intraday bias neutral […]