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Daily Pivots: (S1) 0.8413; (P) 0.8427; (R1) 0.8445; More…. Intraday bias in EUR/GBP remains on the downside as fall from 0.8624 is in progress for retesting 0.8382 low. Strong support could be seen from there to bring rebound on first attempt. Above 0.8474 minor resistance will turn intraday bias neutral first. But risk will stay […]

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GBP/USD Mid-Day Outlook

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19/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3145; (P) 1.3221; (R1) 1.3290; More… Intraday bias in GBP/USD remains on the upside at this point. Current rally should target 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371 in the near term. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, however, […]
13/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.35; (P) 142.20; (R1) 142.66; More… USD/JPY’s decline resumed by breaking through 140.70 and intraday bias is back on the downside. Further fall should be seen to 139.26 fibonacci level. Decisive break there would carry larger bearish implications. On the upside, above 143.03 minor resistance will turn intraday bias neutral again first. […]
10/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8449; (P) 0.8472; (R1) 0.8517; More… Intraday bias in USD/CHF stays neutral and more consolidations could be seen above 0.8374. With 0.8356 resistance intact, further decline is expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend […]