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Daily Pivots: (S1) 199.24; (P) 199.66; (R1) 200.37; More… Intraday bias in GBP/JPY remains on the upside for 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, below 198.25 minor support will turn intraday bias neutral first. Further break of 197.07 will argue that the […]

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30/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0793; (P) 1.0831; (R1) 1.0860; More….. Intraday bias in EUR/USD remains on the downside for the moment. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should then be seen to 1.0601/0665 support zone next. […]
02/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8517; (P) 0.8533; (R1) 0.8542; More… Intraday bias in EUR/GBP remains neutral at this point. Below 0.8521 will resume the fall from 0.8764 to retest 0.8491. Break there will extend larger down trend to 0.8464 projection level. On the upside, above 0.8566 minor resistance will suggest short term bottoming, on bullish convergence […]
21/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8802; (P) 0.8819; (R1) 0.8841; More…. USD/CHF is staying in consolidation from 0.8884 and intraday bias stays neutral. Further rally is expected as long as 0.8727 resistance turned support holds. On the upside, break of 0.8885 will resume the rise from 0.8332 and target and 100% projection of 0.8332 to 0.8727 from […]