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GBP/USD’s strong rally last week indicates that correction from 1.3043 has completed at 1.2664 already ahead of 1.2612 support. Initial bias remains on the upside this week for retesting 1.3043. Firm break there will resume whole rise from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 […]

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08/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8530; (P) 0.8596; (R1) 0.8683; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. While recovery from 0.8431 might extend, further decline is expected with 0.8711 resistance intact. On the downside, below 0.8500 will bring retest of 0.8431 first. Break there will resume the fall from 0.9223 to retest 0.8332 […]
24/08/2024

GBP/USD Weekly Outlook

GBP/USD’s rally accelerated higher last week and the break of 1.3141 resistance confirms larger up trend resumption. Initial bias remains on the upside this week for 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support will turn intraday bias neutral and bring consolidations, before staging another rally. […]
05/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2659; (P) 1.2683; (R1) 1.2716; More… GBP/USD is holding below 1.2708 resistance despite current rebound. Intraday bias stays neutral first. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will […]