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Daily Pivots: (S1) 1.3035; (P) 1.3054; (R1) 1.3077; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutral first. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to complete the correction from 1.3433. On the upside, break of 1.3174 minor resistance will turn bias back […]

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16/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.09; (P) 145.52; (R1) 146.19; More… USD/JPY’s rally from 140.25 resumed by breaking 146.40 and intraday bias is back on the upside. Strong resistance should be seen from 61.8% retracement of 151.89 to 140.25 at 147.4 to limit upside. On the downside, break of 144.34 will turn bias back to the downside […]
10/10/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8361; (P) 0.8375; (R1) 0.8383; More… Intraday bias in EUR/GBP remains neutral for the moment. Outlook also stays bearish. On the downside, break of 0.8309 will resume larger down trend to 0.8201 key support next. However, decisive break of 38.2% retracement of 0.8624 to 0.8309 at 0.8429 will pave the way to […]
20/04/2024

USD/CHF Weekly Outlook

USD/CHF edged higher to 0.9151 last week but turned sideway since then. Initial bias stays neutral this week for more consolidations. But further rally is expected as long as 0.8996 support holds. Break of 0.9151 will resume the larger rise from 0.8332 to 0.9243 resistance. However, firm break of 0.8996 will turn bias to the […]