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EUR/GBP edged lower to 0.8512 last week but recovered since then. Initial bias remains neutral this week for some more consolidations. But near term outlook will stay bearish as long as 0.8591 resistance holds. Below 0.8512 will resume the decline from 0.8713 to 0.8491, and then 0.8464 projection level. However, firm break of 0.8591 will […]

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EUR/USD Weekly Outlook

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16/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9101; (P) 0.9126; (R1) 0.9141; More…. Intraday bias in USD/CHF remains neutral as consolidation continues below 0.9151. But further rally is expected as long as 0.8996 support holds. Firm break of 0.9151 will target 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.9268. In the bigger picture, price actions from 0.8332 […]
06/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.26; (P) 192.03; (R1) 192.72; More.. Intraday bias in GBP/JPY is turned neutral first with current recovery. On the upside, break of 55 4H EMA will bring stronger rebound back toward 197.40 resistance. On the downside, below 191.34 will resume the correction from 200.53. Sustained trading below 55 D EMA (now at […]
16/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… Immediate focus is now on 1.2611 support in GBP/USD with today’s fall. Firm break there will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will resume whole rally from 1.2036. In […]