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Daily Pivots: (S1) 0.6698; (P) 0.6735; (R1) 0.6767; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Pull back from 0.6870 short term top is in progress for 0.6689 resistance turned support, and possibly below. But strong support would be seen from channel support (now at 0.6663) to bring rebound. On […]

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GBP/JPY Daily Outlook

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16/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.88; (P) 159.35; (R1) 160.10; More… Range trading continues in EUR/JPY and intraday bias remains neutral. Further rise is mildly in favor as long as 157.19 minor support holds. Firm break of 100% projection of 153.15 to 158.55 from 155.06 at 160.46 will pave the way to 161.8% projection at 163.79. However, […]
16/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9101; (P) 0.9126; (R1) 0.9141; More…. Intraday bias in USD/CHF remains neutral and more consolidations could be seen. But further rally is expected as long as 0.8996 support holds. Firm break of 0.9151 will target 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.9268. In the bigger picture, price actions from […]
11/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2471; (P) 1.2589; (R1) 1.2659; More… Intraday bias in GBP/USD remains on the downside at this point. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will be 61.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2489. Firm break there could trigger downside acceleration to 100% […]