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Daily Pivots: (S1) 1.2715; (P) 1.2749; (R1) 1.2784; More… No change in GBP/USD’s outlook as consolidations continue below 1.2810 temporary top. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2834) holds. On the downside, below 1.2615 minor support will bring […]

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18/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2968; (P) 1.3006; (R1) 1.3048; More… A temporary top should be formed at 1.3043 as GBP/USD retreated after hitting rising channel resistance. Intraday bias is turned neutral for some consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Above 1.3043 will resume the rise from 1.2298 […]
22/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8878; (P) 0.8936; (R1) 0.9033; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8332 is in progress for 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. On the downside, below 0.8922 minor support will turn intraday bias neutral again. But, outlook will […]
29/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2656; (P) 1.2676; (R1) 1.2707; More… GBP/USD’s break of 1.2713 resistance indicates short term bottoming at 1.2486, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for 55 D EMA (now at 1.2873). For now, risk of another rebound remains as long as 1.2486 holds, in case […]