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GBP/JPY’s break of 189.69 minor resistance suggests that correction from 191.29 has completed at 187.94 already. Initial bias is back on the upside for retesting 191.29 high first. Decisive break there will bring larger up trend resumption. On the downside, break of 187.94 will resume the correction to 38.2% retracement of 178.32 to 191.29 at […]

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31/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8995; (P) 0.9070; (R1) 0.9110; More…. Intraday bias in USD/CHF remains on the downside at this point. Fall from 0.9157 is seen as the third leg of the pattern from 0.9223. Deeper fall would be seen to 0.8987 support. Break will target 100% projection of 0.9223 to 0.8987 from 0.9157 at 0.8921. […]
16/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2421; (P) 1.2460; (R1) 1.2484; More… Intraday bias in GBP/USD remains neutral at this point and more consolidations could be seen. Recovery should be limited by 1.2577 minor resistance to bring another fall. On the downside, firm break of 1.2407 will resume the decline from 1.2892 to 100% projection of 1.2892 to […]
22/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0618; (P) 1.0648; (R1) 1.0686; More… EUR/USD is staying in consolidation from 1.0601 and intraday bias stays neutral. Upside of recovery should be limited by 1.0723 support turned resistance. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. In the […]