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Daily Pivots: (S1) 205.88; (P) 206.24; (R1) 206.60; More… Intraday bias in GBP/JPY remains neutral at this point. Further rise is expected with 204.97 minor support intact. On the upside, sustained break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at 210.17. On the downside, below 204.97 minor […]

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05/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8418; (P) 0.8427; (R1) 0.8437; More… Intraday bias in EUR/GBP remains neutral for the moment and outlook is unchanged. While stronger recovery cannot be ruled out, further decline is expected as long as 0.8466 minor resistance holds. Below 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there […]
25/05/2024

USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.8987 extended to 0.9157 last week before turning sideway. Current development suggests that pull back from 0.9223 has completed already. Initial bias remains neutral this week first and further rise is in favor. Above 0.9157 will bring retest of 0.9223. However, break of 0.9077 support will bring retest of 0.8987. Break there […]
19/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8600; (P) 0.8624; (R1) 0.8660; More…. Intraday bias in EUR/GBP stays neutral as consolidation from 0.8548 is still extending. Further decline is expected as long as 0.8648 support turned resistance holds. On the downside, break of 0.8548 will resume the decline from 0.8764 to retest 0.8419 low next. However, sustained break of […]