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Daily Pivots: (S1) 1.2638; (P) 1.2663; (R1) 1.2710; More… Intraday bias in GBP/USD stays neutral for the moment as range trading continues. On the upside, firm break of 1.2705 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, sustained trading below 1.2633 resistance turned support will […]

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14/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3045; (P) 1.3064; (R1) 1.3089; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. Fall from 1.3433 short term top could extend lower. But strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn […]
05/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0840; (P) 1.0853; (R1) 1.0870; More… Intraday bias in EUR/USD remains neutral at this point, and outlook is unchanged. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back […]
27/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8950; (P) 0.8967; (R1) 0.8990; More… No change in USD/CHF’s outlook and intraday bias stays neutral. Further decline is still expected with 0.8992 resistance intact. Below 0.8912 minor support will bring retest of 0.8825 low. Firm break there will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at […]