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Daily Pivots: (S1) 202.57; (P) 203.22; (R1) 204.341; More… Intraday bias in GBP/JPY is turned neutral with 4H MACD crossed above signal line. Strong support could be seen from 38.2% retracement of 191.34 to 208.09 at 201.69 to bring rebound. On the upside, above 205.77 minor resistance will turn intraday bias will turn bias back […]

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20/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8573; (P) 0.8630; (R1) 0.8667; More…. Intraday bias in USD/CHF stays on the downside and outlook is unchanged. Current fall from 0.9243 is in progress for retesting 0.8551 key support next. On the upside, above 0.8710 minor resistance will turn intraday bias neutral again first. But outlook will remain bearish as long […]
12/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0744; (P) 1.0762; (R1) 1.0781; More… Intraday bias in EUR/USD is turned neutral with a temporary low formed at 1.0722. Further decline is expected with 1.0816 minor resistance intact. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to […]
27/04/2024

GBP/USD Weekly Outlook

GBP/USD rebounded after edging lower to 1.2298 last week. But upside is capped by 1.2538 support turned resistance. Initial bias remains neutral this week first. On the downside, break of 1.2421 will argue that rebound from 1.2298 has completed and bring retest of this low. However, decisive break of 1.2538 will bring stronger rally to […]