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Daily Pivots: (S1) 1.2552; (P) 1.2565; (R1) 1.2592; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations could be seen first. But risk will stay on the downside as long as 1.2667 resistance holds, in case of recovery. Below 1.2538 will target 1.2517 structural support. Decisive break there will suggest […]

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GBP/JPY Daily Outlook

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21/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8507; (P) 0.8572; (R1) 0.8605; More….. Intraday bias in USD/CHF remains on the downside at this point. Rebound from 0.8431 should have completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Deeper fall would be seen to retest 0.8431 low first. Firm break there will resume whole […]
24/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 resumed after brief consolidations and dives to as low as 167.42 so far. Intraday bias is back on the downside for 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could be seen there to bring rebound, on first attempt. But […]
25/03/2024

EUR/GBP Weekly Outlook

EUR/GBP’s break of 0.8577 resistance and 55 D EMA (now at 0.8562) last week suggest that rebound from 0.8497 is at least correcting the fall from 0.8764. Initial bias is now on the upside this week for 161.8% projection of 0.8497 to 0.8577 from 0.8503 at 0.8632. For, further rise will remain in favor as […]