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Daily Pivots: (S1) 1.2513; (P) 1.2621; (R1) 1.2679; More… GBP/USD’s break of 1.2615 support suggest that recovery from 1.2486 has completed at 1.2810. Intraday bias is back on the downside for retesting 1.2486. Firm break there will resume the fall from 1.3433 and target 1.2298 cluster support zone. Nevertheless, break of 1.2728 minor resistance will […]

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10/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2645; (P) 1.2677; (R1) 1.2709; More… Intraday bias in GBP/USD stays mildly on the upside at this point. Rebound from 1.2538 is in progress for 1.2802 resistance first. On the downside, though, below 1.2648 minor support will turn intraday bias neutral again. In the bigger picture, price actions from 1.3141 medium term […]
14/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6596; (P) 0.6617; (R1) 0.6655; More… AUD/USD’s rally from 0.6438 is still in progress and intraday bias stays on the upside. With break of 55 D EMA (now at 0.6612), next target is 0.6798 resistance. On the downside, below 0.6564 minor support will turn intraday bias neutral first. In the bigger picture, […]
03/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9392; (P) 0.9419; (R1) 0.9458; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. As noted before, rebound from 0.9209 could have completed at 0.9579 already. Deeper fall is expected as long as 0.9455 minor resistance holds. Break of 0.9351 will target 0.9209 low next. However, break of 0.9497 will […]