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Daily Pivots: (S1) 1.2383; (P) 1.2442; (R1) 1.2543; More… GBP/USD’s rebound from 1.2099 short term bottom continues today and intraday bias stays on the upside. Strong resistance could be seen 38.2% retracement of 1.3433 to 1.2099 at 1.2609, to limit upside. However, sustained trading above 1.2609 will raise the chance of reversal and target 61.8% […]

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06/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.13; (P) 164.54; (R1) 165.06; More… Intraday bias in EUR/JPY is turned neutral with current recovery. On the upside, firm break of 55 4H EMA (now at 166.08) will bring stronger rebound towards 168.64 resistance. On the downside, break of 164.01, and sustained trading below 55 D EMA (now at 163.97) will […]
20/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8866; (P) 0.8882; (R1) 0.8898; More…. USD/CHF’s rally from 0.8332 is still in progress and intraday bias stays on the upside for 61.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8934. Firm break there will target 100% projection at 0.9062 next. On the downside, break of 0.cminor support will turn intraday […]
15/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9684; (P) 0.9724; (R1) 0.9770; More… Intraday bias in EUR/CHF remains mildly on the downside for 38.2% retracement of 0.9252 to 0.9847 at 0.9620. But strong support is expected from there to contain downside to bring rebound, and set the range for the consolidation pattern from 0.9847. Nevertheless, for now, risk will […]