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Daily Pivots: (S1) 0.9393; (P) 0.9407; (R1) 0.9432; More…. Intraday bias in EUR/CHF remains neutral for the moment. With 0.9444 resistance intact, further decline is in favor. On the downside, below 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. Firm break there will resume larger down trend. However, decisive break of 0.9444 […]

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EUR/JPY Daily Outlook

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EURGBP Trades Within Tight Channel

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20/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.58; (P) 190.11; (R1) 191.97; More… GBP/JPY is staying in range of 187.84/191.99 and intraday bias remains neutral first. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm break of 187.84 […]
27/04/2024

EUR/CHF Weekly Outlook

EUR/CHF rebounded further to 0.9797 last week but retreated since then. Initial bias is turned neutral this week for consolidations. But further rally is expected as long as 0.9708 minor support holds. Break of 0.9797 will target a retest on 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the […]
05/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2624; (P) 1.2654; (R1) 1.2673; More… GBP/USD retreated after breaching 1.2667 resistance briefly. Intraday bias is back on the downside with break of 55 4H EMA (now at 1.2628). Retest of 1.2517/38 support zone would be seen next. On the upside, however, firm break of 1.2682 will suggest that fall from 1.2892 […]