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Daily Pivots: (S1) 0.9262; (P) 0.9282; (R1) 0.9296; More…. No change in EUR/CHF’s outlook and intraday bias stays mildly on the downside. Recovery from 0.9204 could have completed after repeated rejection by falling 55 4H EMA. Deeper fall would be seen to retest 0.9204 low. Firm break of 0.9204/9 will indicate larger down trend resumption. […]

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20/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.25; (P) 163.12; (R1) 164.75; More…. EUR/JPY’s strong rebound from 161.48 and break of 163.96 minor resistance suggests that pullback from 166.67 has completed. The development also revives near term bullishness. Intraday bias is back on the upside for 166.67 resistance first. Firm break there will resume whole rebound from 154.40. In […]
13/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2751; (P) 1.2788; (R1) 1.2829; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutral. Further rally will remain in favor as long as 55 4H EMA (now at 1.2755) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from […]
07/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2535; (P) 1.2565; (R1) 1.2591; More… Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations could be seen. Further rise remains in favor as long as 1.2471 support holds. Above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. In the bigger picture, price actions from […]