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Daily Pivots: (S1) 1.2471; (P) 1.2499; (R1) 1.2552; More… Intraday bias in GBP/USD stays neutral for the moment. Strong bounce from current level will retain near term bullishness. Further break of 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. However, firm break of firm break of 1.2445 will indicate that this rebound […]

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USD/JPY Mid-Day Outlook

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GBP/JPY Weekly Outlook

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15/12/2024

AUD/USD Weekly Report

AUD/USD edged lower last week but turned sideway after hitting 0.6336. Initial bias stays neutral this week for more consolidations. While another recovery cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 0.6546) holds. Below 0.6336 will resume the fall from 0.6941 to 0.6269 support next. In the […]
23/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8496; (P) 0.8515; (R1) 0.8541; More….. Intraday bias in USD/CHF stays on the downside despite loss of momentum. Fall from 0.8747 is in progress for retesting 0.8431. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the upside, above 0.8560 minor resistance will turn intraday bias neutral first. […]
15/06/2024

USD/CHF Weekly Outlook

USD/CHF was supported by 0.8883 fibonacci level and recovered. But upside was capped by 0.8987 support turned resistance. Initial bias stays neutral this week first. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue […]