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Daily Pivots: (S1) 1.0701; (P) 1.0719; (R1) 1.0753; More…. Intraday bias in EUR/USD is turned neutral with current retreat. Further fall is expected as long as 55 4H EMA (now at 1.0770) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target 1.0601 low first. Firm break […]

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GBP/JPY Daily Outlook

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14/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2802; More… Intraday bias in GBP/USD remains neutral at this point. Further is expected with 1.2687 support intact. Break of 1.2859 will target 1.2892 resistance. Decisive break there will strengthen the case that correction from 1.3141 has completed, and bring further rally to retest this high. However, firm […]
13/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9755; (P) 0.9767; (R1) 0.9777; More… Intraday bias in EUR/CHF remains neutral for the moment. Outlook is unchanged that fall from 0.9835 is the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as long as 0.9835 resistance holds. Below 0.9728 will target 0.9563. But strong support […]
01/06/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.2799 last week but turned sideway since then. Initial bias stays neutral this week and more range trading could be seen. Further rise is expected as long as 1.2670 support holds. Above 1.2799 will resume the rally from 1.2298 and target 1.2892 resistance. However, break of 1.2670 will indicate short term […]