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Daily Pivots: (S1) 1.2955; (P) 1.3007; (R1) 1.3036; More… GBP/USD is still bounded in consolidations above 12973 temporary low. Intraday bias remains neutral at this point. On the upside, firm break of 1.3102 resistance will argue that pullback from 1.3433 has completed, and turn bias back to the upside for stronger rebound. On the downside, […]

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16/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1063; (P) 1.1083; (R1) 1.1095; More…. EUR/USD’s rebound from 1.1001 extends higher today but stays below 1.1153 resistance. Intraday bias remains neutral first. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, below 1.1072 minor […]
06/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8901; (P) 0.8925; (R1) 0.8959; More…. Intraday bias in USD/CHF remains neutral for the moment. Strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain near term bullishness. However, sustained break of 0.8883 fibonacci level will carry larger bearish […]
14/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8529; (P) 0.8548; (R1) 0.8564; More…. EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias is back on the upside for retesting 0.8624 first. Break there will resume the rally from 0.8382. However, decisive break […]