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Daily Pivots: (S1) 191.98; (P) 193.31; (R1) 194.47; More… GBP/JPY recovered above 192.05 minor support and intraday bias stays neutral for the moment. Overall outlook is unchanged that corrective pattern from 180.00 might extend. On the upside above 194.73 will target 198.94/197.79 resistance zone. On the downside, however, break of 192.05 minor support will turn […]

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EUR/USD Daily Outlook

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06/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD remains on the upside for the moment. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to […]
28/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2731; (P) 1.2767; (R1) 1.2835; More… GBP/USD’s rally from 1.2036 resumed by breaking through 1.2793 resistance. Intraday bias is back on the upside. Next target is 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. On the downside, below 1.2698 minor support will turn intraday bias neutral again. But further rally […]
30/11/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8712; (P) 0.8748; (R1) 0.8775; More…. USD/CHF recovered after hitting near term falling channel support and intraday bias is turned neutral first. Some consolidations could be seen. But risk will stay on the downside as long as 0.8886 support turned resistance holds. On the downside, break of 0.8716 temporary low will resume […]