GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2858; (P) 1.2903; (R1) 1.2960; More… Intraday bias in GBP/USD remains on the upside for 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. Decisive break there would prompt upside acceleration through 1.3141 resistance to 100% projection at 1.3173. On the downside, below 1.2845 resistance turned support will turn intraday bias […]

Daily Pivots: (S1) 146.57; (P) 146.87; (R1) 147.25; More… Intraday bias in USD/JPY remains neutral at this point. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper decline would be seen to 61.8% […]

Daily Pivots: (S1) 0.8874; (P) 0.8911; (R1) 0.8930; More…. Intraday bias in USD/CHF stays neutral with focus on 0.8883 fibonacci level. Strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain near term bullishness. However, sustained break of 0.8883 fibonacci level will […]