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Daily Pivots: (S1) 193.27; (P) 193.83; (R1) 194.76; 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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02/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… USD/CHF’s decline from 0.9223 continues today and break of near term falling channel support indicates downside acceleration. Intraday bias stays on the downside. Sustained trading below 61.8% retracement of 0.8332 to 0.9223 at 0.8672 will pave the way to retest 0.8332 low. On the upside, above […]
04/12/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.26; (P) 157.12; (R1) 158.07; More…. Intraday bias in EUR/JPY is turned neutral first with current recovery, and some consolidations would be seen. Further decline is expected as long as 55 D EMA (now at 162.38) holds. On the downside, below 156.16 temporary low will resume the fall from 166.67 to 155.14 […]
19/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2915; (P) 1.2968; (R1) 1.2997; More… Intraday bias in GBP/USD remains neutral at this point. Pullback from 1.3043 could extend lower but downside should be contained by 1.2859 resistance turned support to bring another rally. Above 1.3043 will resume the rise from 1.2298 to 100% projection of 1.2298 to 1.2859 from 1.2612 […]