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GBP/USD’s fall from 1.3043 extended to 1.2706 last week but recovered since then. Initial bias remains neutral this week and further fall is in favor as long as 1.2863 resistance holds. Below 1.2706 will target 1.2612 support first. Decisive break there should confirm that rise from 1.2298 has completed. However, break of 1.2863 will turn […]

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25/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2558; (P) 1.2617; (R1) 1.2658; More… Intraday bias in GBP/USD remains on the downside for 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, above 1.2674 minor resistance will turn intraday bias neutral first. In […]
29/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6352; (P) 1.6417; (R1) 1.6454; More… Intraday bias in EUR/AUD remains on the downside as fall from 1.7180 is extending. Rise from 1.5996 could have completed at 1.7180 already, and deeper fall would be seen back towards this support. On the upside, though, above 1.6580 resistance will turn bias back to the […]
15/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9047; (P) 0.9074; (R1) 0.9094; More…. USD/CHF is holding above 0.9005 support and intraday bias remains neutral first. Further decline is expected as long as 0.9101 resistance holds. On the downside, break of 0.9005 will resume the fall from 0.9223 to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. Nevertheless, break of […]