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Daily Pivots: (S1) 1.2305; (P) 1.2340; (R1) 1.2388; More… GBP/USD’s recovery from 1.2099 extended higher but upside is still capped below 1.2486 support turned resistance. Intraday bias remains neutral and further decline is in favor. On the downside, below 1.2292 minor support will turn bias back to the downside for retesting 1.2099 low. However, firm […]

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06/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9724; (P) 0.9746; (R1) 0.9762; More… Intraday bias in EUR/CHF remains on the downside at this point. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847, and should target 0.9563 support. For now, risk will stay on the downside as long as 0.9835 resistance holds, in […]

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.95; (P) 152.90; (R1) 153.92; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, firm break of 55 4H EMA (now at 154.95) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume the fall from 160.20. But strong support should be seen from […]
03/12/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8273; (P) 0.8293; (R1) 0.8315; More… EUR/GBP is staying in range above 0.8259 and intraday bias stays neutral. Further decline is expected with 0.8446 resistance intact. On the downside, decisive break of 0.8259 will resume larger down trend to 0.8201 key support. In the bigger picture, down trend from 0.9267 (2022 high) […]