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Daily Pivots: (S1) 0.8919; (P) 0.8932; (R1) 0.8943; More…. USD/CHF is still bounded in consolidation from 0.8825 and intraday bias stays neutral at this point. Near term outlook remains bearish with 0.8992 resistance intact. Break of 0.8825 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672. In the bigger […]

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GBP/JPY Daily Outlook

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08/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2554; (P) 1.2584; (R1) 1.2622; More… Intraday bias in GBP/USD is turned neutral with current recovery. Risk will stay on the downside as long as 1.2731 resistance holds. Below 1.3543 will resume the fall from 1.2731 to 55 D EMA (now at 1.2437). Nevertheless, firm break of 1.2731 will resume the rise […]
10/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9290; (P) 0.9306; (R1) 0.9332; More… Intraday bias in EUR/CHF stays neutral as consolidation from 0.9252 is still extending. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend to 100% projection […]
15/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2806; (P) 1.2838; (R1) 1.2857; More… Intraday bias in GBP/USD remains on the upside for the moment. Pull back from 1.3043 could have completed at 1.2664 already. Further rise should be seen to retest 1.3043 resistance first. Firm break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to […]