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Daily Pivots: (S1) 1.2565; (P) 1.2608; (R1) 1.2640; More… GBP/USD’s breach of 1.2590 minor support suggests short term topping at 1.2731, on bearish divergence condition in 4H MACD. Intraday bias is mildly on the downside for deeper pull back to 55 D EMA (now at 1.2427). For now, risk will stay on the downside as […]

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EUR/USD Daily Outlook

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USD/CHF Daily Outlook

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28/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.08; (P) 170.29; (R1) 170.61; More… EUR/JPY’s rally from 164.01 is still in progress and intraday bias stays on the upside. Break of 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62 will target 171.58 high. Strong resistance could be seen there to limit upside. On the downside, below 169.45 minor […]
24/08/2024

EUR/GBP Weekly Outlook

EUR/GBP’s steep decline last week suggest that rebound from 0.8382 has completed 0.8624 already, after rejection by 0.8643 resistance. Initial bias stays on the downside this week for retesting 0.8382 low. Decisive break there will resume larger down trend. On the upside, above 0.8507 support turned resistance will turn intraday bias neutral first. In the […]
25/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9121; (P) 0.9138; (R1) 0.9167; More…. Intraday bias in USD/CHF is back on the upside with breach of 0.9151 resistance. Current rally from 0.8332 should target 0.9243 key resistance next. On the downside, though, below 0.9085 minor support will turn intraday bias neutral again. In the bigger picture, price actions from 0.8332 […]