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Daily Pivots: (S1) 190.53; (P) 191.37; (R1) 192.39; More… Intraday bias in GBP/JPY remains neutral first. While recovery from 188.07 might extend, further decline is expected as long as 55 D EMA (now at 194.07) holds. On the downside, below 190.33 minor support will turn bias to the downside for 188.07, and then 183.70 support. […]

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29/06/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.2859 tied to continued last week but failed to sustain below 1.2633 resistance turned support. Still, further decline is expected as long as 1.2702 resistance holds. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. On the upside, however, firm […]
20/11/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8789; (P) 0.8836; (R1) 0.8870; More… Intraday bias in USD/CHF remains neutral for more consolidations. Further rally is expected as long as 0.8773 resistance turned support holds. On the upside, break of 0.8916 and sustained trading above 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way back to 0.9223 […]
29/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8633; (P) 0.8667; (R1) 0.8686; More… USD/CHF rebounded strongly after drawing support from 55 4H EMA (now at 0.8649), but stays below 0.8699 temporary top. Intraday bias remains neutral first. Further rally remains in favor as long as 55 D EMA (now at 0.8603) holds. On the upside, decisive break of 38.2% […]