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Daily Pivots: (S1) 0.8440; (P) 0.8456; (R1) 0.8472; More… Intraday bias in EUR/GBP stays on the downside at this point. Current down trend should target 0.8376 projection level next. On the upside, above 0.8482 support turned resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, down […]

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07/09/2024

USD/JPY Weekly Outlook

USD/JPY’s fall from 149.35 resumed last week by breaking through 143.43 temporary low. Initial bias stays on the downside this week for 141.67 support. Firm break of 141.67 support will resume whole decline from 161.95 high, for 140.25 support next. On the upside, above 144.22 minor resistance will turn intraday bias neutral first. But risk […]
30/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8397; (P) 0.8429; (R1) 0.8446; More…. No change in EUR/GBP’s outlook as consolidation from 0.8382 is extending. Outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 from 0.8463 at 0.8274. In the bigger […]
25/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9553; (P) 0.9574; (R1) 0.9606; More…. Intraday bias in EUR/CHF remains neutral for the moment and outlook is unchanged. Consolidation from 0.9476 could extend with stronger recovery. But 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 […]