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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 […]

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25/04/2024

EUR/USD Daily Outlook

.Daily Pivots: (S1) 1.0680; (P) 1.0697; (R1) 1.0716; More… Immediate focus is now on 1.0723 support turned resistance. Rejection from there, followed by break of 1.0677 minor support, will retain near term bearishness. Retest of 1.0601 low would be seen next. Nevertheless, firm break of 1.0723 will bring stronger rebound to 55 D EMA (now […]
19/09/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9386; (P) 0.9405; (R1) 0.9427; More…. EUR/CHF’s break of 0.9444 resistance suggests that pull back from 0.9579 has completed at 0.9305 already. Rise from there is seen as the third leg of the pattern from 0.9209. Intraday bias is back on the upside for 0.9579 resistance next. On the downside, below 0.9380 […]
17/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2948; (P) 1.2965; (R1) 1.2992; More… GBP/USD’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 1.2298 should target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2937 minor support […]