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Daily Pivots: (S1) 1.3205; (P) 1.3236; (R1) 1.3291; More… A temporary top is formed at 1.3265 in GBP/USD with current retreat. Intraday bias is turned neutral for consolidations first. Downside of retreat should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to […]

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09/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2624; (P) 1.2644; (R1) 1.2675; More… Intraday bias in GBP/USD is back on the upside with break of 1.2682. Rebound from 1.2538 would target 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 top […]
08/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0803; (P) 1.0826; (R1) 1.0859; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, decisive break of 1.0694/0723 support zone will resume whole fall from 1.1138. On the upside, though, break of 1.0875 will resume the rebound from 1.0723 towards 1.0980 resistance instead. In the bigger picture, price […]
12/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8955; (P) 0.8974; (R1) 0.8996; More…. USD/CHF falls sharply after rejection by 0.8987 support turned resistance and 55 4H EMA. But it;s staying above 0.8880/3 support zone so far. Intraday bias remain neutral first. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. […]