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Daily Pivots: (S1) 1.2949; (P) 1.2982; (R1) 1.3019; More… Intraday bias in GBP/USD remains on the downside at this point. 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% retracement at 1.2732. On the upside, […]

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14/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9596; (P) 0.9610; (R1) 0.9635; More… EUR/CHF is staying below 0.9630 despite today’s recovery. Intraday bias remains neutral first. As long as 0.9510 support holds, further rally is still expected. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to 0.9471 from 0.9304 […]
30/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.05; (P) 147.70; (R1) 148.14; More… USD/JPY is still bounded in consolidation from 148.79 and intraday bias remains neutral. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there […]
28/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3425; (P) 1.3462; (R1) 1.3480; More… USD/CAD’s decline from 1.3946 is still in progress today and intraday bias remains on the downside. Deeper fall would be seen to 1.3176 support next. On the upside, above 1.3514 minor resistance will turn intraday bias neutral first. But outlook will now stay bearish as long […]