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Daily Pivots: (S1) 0.8604; (P) 0.8645; (R1) 0.8684; More…. Focus stays on 0.8665 support turned resistance as rebound in USD/CHF. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to 0.8332 at 0.8995. Nevertheless, break of 0.8565 minor support will turn intraday bias back to the downside for retesting 0.8332 […]

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EUR/CHF Mid-Day Outlook

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07/01/2024

GBP/JPY Weekly Outlook

Immediate focus is now on 184.15 in GBP/JPY after last week’s strong rebound. Sustained break there will argue that whole pull back from 188.63 has completed and bring further rally to retest this high. Nevertheless, rejection by 184.15 will retain near term bearishness for another fall through 178.32 later. In the bigger picture, price actions […]
17/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0666; (P) 1.0705; (R1) 1.0743; More…. Intraday bias in EUR/USD remains on downside at this point. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Deeper decline would be seen to 1.0601 low first. Firm break there will target channel support at 1.0510 next. On the upside, above […]
13/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2751; (P) 1.2788; (R1) 1.2829; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutral. Further rally will remain in favor as long as 55 4H EMA (now at 1.2755) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from […]