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Daily Pivots: (S1) 1.2442; (P) 1.2554; (R1) 1.2614; More… GBP/USD’s breach of 1.2486 support suggests that fall from 1.3433 is resuming. Intraday bias stays on the downside, and deeper fall would be seen to 1.2298 and possibly further to 61.8% projection of 1.3433 to 1.2486 from 1.2810 at 1.2225. On the upside, above 1.2607 minor […]

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18/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.01; (P) 141.74; (R1) 143.16; More… Outlook in USD/JPY remains unchanged and intraday bias stays neutral. Considering bullish convergence condition in 4H MACD, break of 143.03 resistance will indicate short term bottoming and turn bias back to the upside for rebound towards 147.20. However, decisive break of 139.26 fibonacci level would carry […]
12/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9068; (P) 0.9107; (R1) 0.9140; More…. Intraday bias in USD/CHF is turned neutral first with current retreat, and some consolidations would be seen. But further rally is expected as long as 0.8996 support holds. Break of 0.9146 will resume whole rally from 0.8332. Next target is 161.8% projection of 0.8550 to 0.8884 […]
23/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9448; (P) 0.9479; (R1) 0.9501; More…. Intraday bias in EUR/CHF remains neutral and another rally is still in favor with 0.9448 support intact. On the upside, sustained break of 55 D EMA (now at 0.9576) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 will suggest rejection […]