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Daily Pivots: (S1) 0.8627; (P) 0.8680; (R1) 0.8728; More…. USD/CHF’s break of 0.8665 support confirm resumption of whole decline from 0.9243. Intraday bias is back on the downside and deeper fall should be seen to 0.8551 key support level. For now, near term outlook will stay bearish as long as 0.8819 resistance holds, in case […]

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GBP/USD Daily Outlook

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15/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8507; (P) 0.8528; (R1) 0.8558; More… Intraday bias in EUR/GBP as it’s capped below 0.8571 resistance despite extended recovery. On the downside, break of 0.8497 will resume extend recent fall to 0.8464 projection level. Nevertheless, considering bullish convergence condition in 4H MACD, sustained break of 0.8571 will confirm short term bottoming, and […]
29/11/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.92; (P) 147.87; (R1) 148.43; More… Intraday bias in USD/JPY is turned neutral with breach of 147.70 minor resistance. Some consolidations could be seen, but risk will stay on the downside as long as 149.66 resistance holds. Below 146.65 will resume the fall from 151.89 to 100% projection of 151.89 to 147.14 […]
02/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2622; (P) 1.2661; (R1) 1.2690; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, rejection by 1.2702 will keep risk on the downside. Sustained trading […]