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Daily Pivots: (S1) 1.2592; (P) 1.2638; (R1) 1.2668; More… No change in GBP/USD’s outlook and intraday bias remains neutral first. As noted before, corrective recovery from 1.2486 might have completed at 1.2810 already. Break of 1.2615 will resume the fall from 1.3433 through 1.2486 to 1.2298 cluster support zone. In the bigger picture, price actions […]

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03/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2552; (P) 1.2565; (R1) 1.2592; More… Intraday bias in GBP/USD remains neutral as consolidations continue above 1.2538. But risk will stay on the downside as long as 1.2667 resistance holds, in case of recovery. Below 1.2538 will target 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed […]
07/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.21; (P) 144.79; (R1) 145.95; More… While USD/JPY’s recovery extends higher today, upside is still limited below 150.88 resistance. Intraday bias remains neutral and further decline remains in favor. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall from 161.94 to 140.25 […]
22/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8642; (P) 0.8653; (R1) 0.8673; More… Intraday bias in USD/CHF remains neutral as consolidations continues below 0.8668 temporary top. Further rally is expected as long as 0.8548 resistance turned support holds. Above 0.8668 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 […]