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Daily Pivots: (S1) 192.82; (P) 194.17; (R1) 196.61; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. On the downside, break of 189.54 will turn bias back to the downside for 183.70 […]

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EUR/GBP Daily Outlook

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04/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8648; (P) 0.8679; (R1) 0.8730; More… Break of 0.8631 support suggests short term topping at 0.8710, on bearish divergence condition in 4H MACD, after hitting 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Intraday bias is back on the downside for 55 D EMA (now at 0.8613). On the upside, firm break […]
05/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.2992; More… Intraday bias in GBP/USD remains neutral as range trading continues above 1.2842. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H […]
07/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9740; (P) 0.9753; (R1) 0.9773; More… Intraday bias in EUR/CHF is turned neutral with current recovery. Outlook is unchanged that fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as 0.9835 resistance holds. Below 0.9278 will turn bias back to […]