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Daily Pivots: (S1) 1.2750; (P) 1.2781; (R1) 1.2839; More… GBP/USD rises further to as high as 1.2819 so far today and intraday bias remains on the upside for 1.2826 resistance. Firm break there will resume whole rally from 1.2036, and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005 next. On the downside, […]

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15/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Break of 1.3652 resistance suggests that a short term bottom was formed at 1.3588, after hitting 1.3589 support. Intraday bias is back on the upside for 13790 resistance. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 to 100% projection of […]
28/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8377; (P) 0.8463; (R1) 0.8517; More…. USD/CHF’s decline accelerates lower and intraday bias stays on the downside. Sustained break of 100% projection of 0.9111 to 0.8665 from 0.8819 at 0.8373 will pave the way to 138.2% projection at 0.8203. On the upside, above 0.8513 minor resistance will turn intraday bias neutral first. […]
16/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2721; (P) 1.2753; (R1) 1.2787; More… GBP/USD is extending consolidation from 1.2826 and intraday bias remains neutral. On the upside, decisive break of 1.2826 will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from […]