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Daily Pivots: (S1) 1.3108; (P) 1.3141; (R1) 1.3183; More… GBP/USD is still bounded in consolidation from 1.3265 and intraday bias remains neutral at this point. While deeper retreat cannot be ruled out, downside should be contained above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to […]

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27/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3170; (P) 1.3197; (R1) 1.3215; More… Intraday bias in GBP/USD remain son the upside despite some loss of momentum. Current up trend should target 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support will turn intraday bias neutral and bring consolidations, before staging another […]
18/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8818; (P) 0.8836; (R1) 0.8852; More…. No change in USD/CHF’s outlook and intraday bias stays mildly on the upside. As noted before, consolidation from 0.8884 should have completed with three waves to 0.8728. Further rally should be seen to retest 0.8891 resistance first. Firm break there will resume whole rally from 0.8332. […]
03/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9026; (P) 0.9038; (R1) 0.9052; More… Intraday bias in USD/CHF remains on the upside as rise from 0.8825 is in progress. Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Sustained trading above the near term falling channel resistance will bring further rally to 0.9157 resistance next. On […]