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GBP/USD broke through 1.2826 resistance to resume the whole rally from 1.2063. Initial bias stays on the upside this week for 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005. On the downside, below 1.2800 minor support will turn intraday bias neutral first. But further rise will remain in favor as long as 55 […]

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GBP/JPY Daily Outlook

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23/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6683; (P) 0.6719; (R1) 0.6740; More… Intraday bias in AUD/USD remains neutral as consolidations continue below 0.6760 temporary top. Downside of retreat should be contained by 55 4H EMA (now at 0.6676) to bring rebound. Above 0.6760 will target 0.6798 resistance next. Firm break there will argue that larger rise from 0.6269 […]
18/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.38; (P) 168.86; (R1) 169.76; More… Intraday bias in EUR/JPY is turned neutral with current strong rebound. On the upside break of 170.12 resistance will argue that pull back from 170.87 has completed at167.52, after drawing support from 55 D EMA. Intraday bias will be back on the upside for 170.87 and […]
12/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9068; (P) 0.9107; (R1) 0.9140; More…. Intraday bias in USD/CHF remains neutral for the moment, as consolidation from 0.9146 continues. Further rally is expected as long as 0.8996 support holds. Break of 0.9146 will resume whole rally from 0.8332. Next target is 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8818. […]