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Daily Pivots: (S1) 1.2627; (P) 1.2652; (R1) 1.2689; More… Intraday bias in GBP/USD remains neutral for the moment, and some more range trading could be seen. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for […]

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30/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 166.11; (P) 166.81; (R1) 167.39; More… Intraday bias in EUR/JPY remains neutral as consolidation continues above 164.81. Further decline is expected as long as 55 4H EMA (now at 168.63) holds. On the downside, decisive break of 164.29 support turned resistance will indicate that larger scale correction is underway for 155.91 fibonacci […]
07/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2598; More… GBP/USD’s fall from 1.2731 short term top is in progress. Intraday bias stays on the downside for 55 D EMA (now at 1.2436). On the upside, above 1.2613 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as […]
29/11/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8756; (P) 0.8787; (R1) 0.8813; More…. USD/CHF’s fall is still in progress and intraday bias remains on the downside. Firm break of 100% projection of 0.9243 to 0.8886 from 0.9111 at 0.8754 will target 161.8% projection at 0.8533, which is close to 0.8551 low. On the upside, above 0.8817 minor resistance will […]