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Daily Pivots: (S1) 1.3278; (P) 1.3309; (R1) 1.3354; More… Intraday bias in GBP/USD remains on the upside for the moment. Current rally is in progress for 1.2664 to 1.3265 from 1.3000 at 1.3371. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, below 1.3219 minor support will turn […]

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06/04/2024

EUR/CHF Weekly Outlook

EUR/CHF’s up trend extended to 0.9847 last week but retreated since then. Initial bias is turned neutral this week for consolidation first. But near term outlook will stay bullish as long as 0.9709 support holds. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm short term topping, and turn bias back […]
30/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3346; (P) 1.3387; (R1) 1.3414; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen below 1.3433 temporary top. Further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3433 will resume larger rise to 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. […]
07/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 184.74; (P) 185.27; (R1) 185.56; More… GBP/JPY’s fall from 188.63 accelerates lower today and breaks through 184.44 support. Current development argues that a medium term is in place on bearish divergence condition in D MACD. Fall from 188.63 is likely corrective whole rise from 148.93. Intraday bias is now on the downside […]