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Daily Pivots: (S1) 1.2915; (P) 1.2968; (R1) 1.2997; More… Intraday bias in GBP/USD remains neutral at this point. Pullback from 1.3043 could extend lower but downside should be contained by 1.2859 resistance turned support to bring another rally. Above 1.3043 will resume the rise from 1.2298 to 100% projection of 1.2298 to 1.2859 from 1.2612 […]

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USD/CHF Daily Outlook

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GBP/USD Weekly Outlook

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11/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. USD/CHF is still extending the consolidation from 0.8332 and intraday bias remains neutral. Stronger recovery cannot be ruled out. But outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 […]
21/07/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.3043 last week but retreated since then. Initial bias remains neutral this week for consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which […]
10/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3624; (P) 1.3636; (R1) 1.3647; More… Outlook in USD/CAD remains unchanged and intraday bias stays neutral first. Corrective pattern from 1.3845 could still extend. Break of 1.3589 will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. On the upside, above […]