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Daily Pivots: (S1) 0.9007; (P) 0.9018; (R1) 0.9029; More…. Intraday bias in USD/CHF remains neutral at this point. Some more consolidations could be seen, but further rally is expected as long as 0.8964 support holds. Firm break of 0.9070 will resume larger rise from 0.8332 towards 0.9243 key resistance next. In the bigger picture, price […]

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USD/JPY Mid-Day Outlook

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08/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2621; (R1) 1.2666; More… No change in GBP/USD’s outlook and intraday bias stays neutral. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of 1.2682 will suggest […]
28/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1160; (P) 1.1175; (R1) 1.1200; More…. EUR/USD’s retreat from 1.1200 extends lower today, but stays well above 1.1007 resistance turned support. Intraday bias remains neutral first and further rally is still in favor. On the upside, break of 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 […]
19/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2418; (P) 1.2452; (R1) 1.2469; More… Intraday bias in GBP/USD is back on the downside as fall from 1.2892 resumes. Deeper decline would be seen to 100% projection of 1.2892 to 1.2538 from 1.2708 at 1.2354. Firm break there will target 161.8% projection at 1.2207 next. On the upside, above 1.2483 resistance […]