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Daily Pivots: (S1) 0.8615; (P) 0.8627; (R1) 0.8644; More… Intraday bias in EUR/GBP stays mildly on the downside for the moment. Rebound from 0.8548 should have completed, and deeper fall should be seen to retest this support first. Firm break there will target 0.8491 low. On the upside, however, above 0.8644 minor resistance will turn […]

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07/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9043; (P) 0.9056; (R1) 0.9076; More…. Intraday bias in USD/CHF is turned neutral with current recovery and some consolidations could be seen. But risk will remain on the downside as long as 0.9223 resistance holds. Sustained break of 55 D EMA (now at 0.8996) will bring deeper fall to 38.2% retracement of […]
20/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2711; (R1) 1.2782; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is still extend. Overall, further rally is expected as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 to 1.2731 […]
23/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.06; (P) 191.00; (R1) 192.46; More… Intraday bias in GBP/JPY remains neutral as consolidation from 191.99 is extending. On the upside, above 191.99 will resume the rally from 180.00, and target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, […]