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Daily Pivots: (S1) 0.9320; (P) 0.9341; (R1) 0.9372; More… Intraday bias in EUR/CHF remains neutral for the moment. Fall from 0.9471 could still extend lower, but downside should be contained above 0.9252 low to bring rebound. On the upside, firm break of 0.9363 minor resistance will argue that the correction from 0.9471 has completed, and […]

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23/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2672; (P) 1.2694; (R1) 1.2725; More… GBP/USD is still extending the consolidation pattern from 1.2826 and intraday bias stays neutral. Break of 1.2595 support will target 1.2499 support. On the upside, however, firm break of 1.2784 resistance will suggest that the consolidation pattern has completed. Further rally should then resume through 1.2826 […]
19/08/2024

GBP/USD Mid-Day

Daily Pivots: (S1) 1.2879; (P) 1.2913; (R1) 1.2979; More… GBP/USD’s rise from 1.2664 is still in progress and intraday bias stays on the upside for retesting 1.3043 high. Firm break there will resume whole rise from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. On […]
15/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2531; (P) 1.2571; (R1) 1.2606; More… Outlook in GBP/USD is unchanged and intraday bias stays neutral at this point. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue […]