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Daily Pivots: (S1) 0.8357; (P) 0.8371; (R1) 0.8389; More… Intraday bias in EUR/GBP stays neutral at this point, and further decline is expected. On the downside, break of 0.8309 will resume larger down trend to 0.8201 key support next. However, decisive break of 38.2% retracement of 0.8624 to 0.8309 at 0.8429 will pave the way […]

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18/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2721; (P) 1.2741; (R1) 1.2755; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Fall from 1.2892 short term top should target 55 D EMA (now at 1.2673). Firm break there will bring deeper fall to 1.2517 structural support. For now, risk will stay mildly on the downside […]
09/12/2023

EUR/CHF Weekly Outlook

EUR/CHF fell further to 0.9402 last week but recovered after breaching 0.9407 support briefly. Initial bias remains neutral this week for some consolidations first. But further fall is expected as long as 0.9543 resistance holds. Decisive break of 0.9407 will resume larger down trend. In the bigger picture, medium term outlook remains bearish as long […]
30/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.19; (P) 160.02; (R1) 160.61; More… EUR/JPY is extending the consolidation from 161.84 and intraday bias remains neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 160.91 minor resistance will argue that rise from 153.15 is […]