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Daily Pivots: (S1) 1.3039; (P) 1.3071; (R1) 1.3106; More… Immediate focus is now on 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) in GBP/USD as fall from 1.3433 short term top extends. Decisive break there will argue that whole rise from 1.2298 has complete,d and bring deeper fall to 61.8% retracement at […]

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17/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.08; (P) 149.44; (R1) 150.02; More… Intraday bias in USD/JPY remains neutral and more consolidations could still be seen. Further rally is expected with 146.48 resistance turned support intact. Above 149.97 will resume the rise from 139.57 to 61.8% retracement of 161.94 to 139.57 at 153.39 next. However, firm break of 146.48 […]
16/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9737; (P) 0.9756; (R1) 0.9777; More…. EUR/CHF’s rise from 0.9476 is in progress and further rally is expected with 0.9677 support holds, to retest 0.9928 high. On the downside, however, break of 0.9677 will turn bias to the downside for deeper pullback. In the bigger picture, rebound from 0.9252 medium term bottom […]
04/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9424; (P) 0.9484; (R1) 0.9519; More… Despite today’s recovery, further decline is expected in EUR/CHF with 0.9543 minor resistance intact. Retest of 0.9507/16 support zone should be seen next. Decisive break there will resume larger down trend. On the upside, touching 0.9543 minor resistance will delay the bearish case and turn intraday […]