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Daily Pivots: (S1) 1.3335; (P) 1.3384; (R1) 1.3465; More… Intraday bias in GBP/USD stays neutral and some more consolidations could be seen. 1.3429 temporary top. Further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3429 will extend larger rally to 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. […]

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05/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8460; (P) 0.8467; (R1) 0.8483; More… Intraday bias in EUR/GBP stays neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest […]
27/04/2024

EUR/CHF Weekly Outlook

EUR/CHF rebounded further to 0.9797 last week but retreated since then. Initial bias is turned neutral this week for consolidations. But further rally is expected as long as 0.9708 minor support holds. Break of 0.9797 will target a retest on 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the […]
16/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.21; (P) 155.38; (R1) 156.08; More… Intraday bias in USD/JPY remains on the downside at this point. Fall from 156.78 is seen as the the third leg of the corrective pattern from 160.20 high. Deeper decline would be seen to 151.86 support and possibly below. For now, risk will stay on the […]