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Daily Pivots: (S1) 1.2955; (P) 1.3007; (R1) 1.3036; More… GBP/USD’s fall 1.3433 resumed by breaking 1.2973 temporary low and intraday bias is back on the downside. Sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) will argue that whole rise from 1.2298 has completed and bring deeper fall to 61.8% […]

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20/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9535; (P) 0.9552; (R1) 0.9582; More…. EUR/CHF is extending consolidations below 0.9579 temporary top and intraday bias remains neutral. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9589) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 […]
14/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.31; (P) 147.68; (R1) 148.12; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper decline would be seen to […]
19/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8442; (P) 0.8453; (R1) 0.8463; More… Intraday bias in EUR/GBP remains neutral first as consolidations continue above 0.8396. Outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376 projection level next. In the bigger picture, down trend from 0.9267 (2022 high) […]