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Daily Pivots: (S1) 1.2160; (P) 1.2241; (R1) 1.2291; More… Intraday bias in GBP/USD remains on the downside for the moment. Current decline from 1.3433 is in progress for 100% projection of 1.3433 to 1.2486 from 1.2810 at 1.1863. On the upside, break of 1.2321 minor resistance will turn intraday bias neutral first. But risk will […]

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21/01/2024

GBP/USD Weekly Outlook

GBP/USD’s corrective pattern from 1.2826 continued last week. Initial bias stays neutral this week first. Deeper pull back could be seen, and break of 1.2595 will target 1.2499 support. On the upside, however, firm break of 1.2826 will resume larger rise from 1.2036 towards 1.3141 high. In the bigger picture, price actions from 1.3141 medium […]
15/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3035; (P) 1.3054; (R1) 1.3077; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutral first. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to complete the correction from 1.3433. On the upside, break of 1.3174 minor resistance will turn bias back […]
08/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8757; (P) 0.8793; (R1) 0.8813; More…. USD/CHF is staying in range below 0.8891 and outlook is unchanged. Intraday bias stays neutral and further rally remains in favor. On the upside, break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias […]