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GBP/USD lost downside momentum last week, as seen in 4H MACD, even though fall from 1.3433 short term top extended lower. Initial bias stays neutral this week first. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias […]

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19/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 202.57; (P) 203.22; (R1) 204.341; More… Intraday bias in GBP/JPY is turned neutral with 4H MACD crossed above signal line. Strong support could be seen from 38.2% retracement of 191.34 to 208.09 at 201.69 to bring rebound. On the upside, above 205.77 minor resistance will turn intraday bias will turn bias back […]
08/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8727; (P) 0.8754; (R1) 0.8780; More…. Intraday bias in USD/CHF stays mildly on the upside for the moment. As short term bottom should be in place at 0.8665, on bullish convergence condition in 4H MACD. Further rally would be seen to 0.8886 support turned resistance first. Decisive break there will indicate that […]
22/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6144; (P) 1.6210; (R1) 1.6252; More… Intraday bias in EUR/AUD remains neutral for the moment. On the upside, break of 1.6319 resistance will now indicate short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be back on the upside for 1.6478 resistance. Nevertheless, on the downside, below 1.6148 […]