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Daily Pivots: (S1) 1.2513; (P) 1.2621; (R1) 1.2679; More… Intraday bias in GBP/USD remains on the downside despite some volatility during today. Recovery from 1.2486 should have completed at 1.2810. Retest of 1.2486 should be seen next. Firm break there will resume the fall from 1.3433 and target 1.2298 cluster support zone. Nevertheless, break of […]

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31/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8995; (P) 0.9070; (R1) 0.9110; More…. Intraday bias in USD/CHF remains on the downside for the moment. Fall from 0.9157 is seen as the third leg of the pattern from 0.9223. Deeper fall would be seen to 0.8987 support. Break will target 100% projection of 0.9223 to 0.8987 from 0.9157 at 0.8921. […]
01/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6368; (P) 1.6433; (R1) 1.6544; More… Intraday bias in EUR/AUD remains neutral at this point. Further decline is expected as long as 1.6484 resistance holds. Below 1.6288 will resume the fall from 1.6742 to 1.6127 support, or further to 100% projection of 1.7062 to 1.6127 from 1.6742 at 1.5807. However, break of […]
15/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.27; (P) 158.96; (R1) 159.37; More… Intraday bias in EUR/JPY remains neutral for the moment. Further rise is mildly in favor as long as 157.19 minor support holds. Firm break of 100% projection of 153.15 to 158.55 from 155.06 at 160.46 will pave the way to 161.8% projection at 163.79. However, break […]