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Daily Pivots: (S1) 0.9626; (P) 0.9641; (R1) 0.9669; More… EUR/CHF’s rally from 0.9252resumed by breaking through 0.9630 and intraday bias is back on the upside. 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 is already met but there is no sign on topping yet. Sustained break of 0.9658 will target 0.9683 key resistance […]

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20/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8604; (P) 0.8641; (R1) 0.8666; More….. USD/CHF’s break of 0.8616 support should indicate that rebound from 0.8431 has completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Intraday bias is back on the downside for retesting 0.8431 low. For now, risk will stay on the downside as […]
18/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8391; (P) 0.8401; (R1) 0.8419; More…. EUR/GBP recovered quickly after dipping to 0.8392 and intraday bias remains neutral. Further decline is in favor. But considering bullish convergence condition in 4H MACD, downside could be contained by 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360 on first attempt. On the upside, […]
20/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.73; (P) 182.46; (R1) 184.86; More… GBP/JPY retreats sharply ahead of 184.30 resistance and intraday bias remains neutral first. Fall from 188.63 is still in favor to continue. Break of 178.32 will resume the decline and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break of 184.30 will argue […]