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Daily Pivots: (S1) 0.9321; (P) 0.9395; (R1) 0.9488; More…. EUR/CHF’s recovery from 0.9209 extended higher but upside is capped below 0.9476 support turned resistance. Intraday bias remains neutral and further decline is still expected. On the downside, below 0.9333 minor support will bring retest of 0.9209 first. Firm break there will resume larger fall from […]

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07/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2642; (P) 1.2723; (R1) 1.2772; More… Intraday bias in GBP/USD remains on the upside at this point. Fall from 1.3043 is in progress for 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this support next. For now, risk will remain on the downside as long […]
09/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.59; (P) 194.05; (R1) 194.83; More.. Intraday bias in GBP/JPY is mildly on the upside with break of 55 4H EMA. Pull back from 200.53 should have completed at 191.34. Rebound from there is seen as the second leg of the corrective pattern. Further rise would be seen back to 197.40 resistance. […]
28/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8377; (P) 0.8463; (R1) 0.8517; More…. USD/CHF’s decline accelerates lower and intraday bias stays on the downside. Sustained break of 100% projection of 0.9111 to 0.8665 from 0.8819 at 0.8373 will pave the way to 138.2% projection at 0.8203. On the upside, above 0.8513 minor resistance will turn intraday bias neutral first. […]