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Daily Pivots: (S1) 1.2693; (P) 1.2722; (R1) 1.2780; More… Intraday bias in GBP/USD is turned neutral first with current recovery. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this support next. However, break […]

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02/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 185.74; (P) 186.68; (R1) 187.39; More… GBP/JPY’s break of 186.14 minor support confirms short term topping at 188.90. Intraday bias is back on the downside for deeper pull back to 55 D EMA (now at 184.89) and possibly below. On the upside, break of 187.60 minor resistance will argue that the pull […]
11/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3747; (P) 1.3764; (R1) 1.3775; More… Intraday bias in USD/CAD remains mildly on the upside at this point. Correction from 1.3845 might have completed at 1.3589 already. Further rise would be seen to retest 1.3845 high. On the downside, break of 1.3662 support will extend the corrective pattern from 1.3845 with another […]
13/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9048; (P) 0.9066; (R1) 0.9084; More…. Intraday bias in USD/CHF remains neutral for the moment. Further decline is in favor as long as 55 4H EMA (now at 0.9085) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9006) will bring deeper fall to 38.2% […]