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Daily Pivots: (S1) 197.03; (P) 197.45; (R1) 198.10; More… Intraday bias in GBP/JPY stays on the upside at this point. Rise from 191.34, as the second leg of the corrective pattern from 200.53, should target this high next. On the downside, firm break of 195.02 will argue that the third leg has started, and target […]

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EUR/USD Mid-Day Outlook

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04/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3084; (P) 1.3119; (R1) 1.3150; More… No change in GBP/USD’s outlook as consolidation from 1.3265 is still in progress. Intraday bias remains neutral for the moment. While deeper retreat cannot be ruled out, downside should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will […]
15/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.12; (P) 196.59; (R1) 197.45; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53. Break of 197.40 will target 200.53 high. But upside should be limited there. On the downside, break of 194.74 minor […]
26/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9569; (P) 0.9582; (R1) 0.9600; More…. EUR/CHF is staying in consolidation from 0.9476 and intraday bias stays neutral. Outlook will remain bearish as long as 0.9683 resistance holds. On the downside, break of 0.9476, and sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will bring retest of 0.9252 low […]