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Daily Pivots: (S1) 0.8446; (P) 0.8482; (R1) 0.8502; More… Intraday bias in USD/CHF stays neutral and outlook is unchanged. With 0.8540 resistance intact, further decline is expected. On the downside, break of 0.8339 will resume the fall from 0.9223 and target 0.8332 low. However, considering bullish convergence condition in 4H MACD, firm break of 0.8540 […]

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GBP/JPY Daily Outlook

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19/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2616; (P) 1.2660; (R1) 1.2691; More… No change in GBP/USD’s outlook as consolidation from 1.2793 is still extending. Intraday bias remains neutral at this point. Further rally is expected as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% […]
24/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0832; (P) 1.0865; (R1) 1.0885; More….. No change in EUR/USD’s outlook and intraday bias stays on the downside. Fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947, and […]
13/01/2024

USD/CHF Weekly Outlook

USD/CHF stayed in consolidation above 0.8332 last week and outlook is unchanged. Initial bias stays neutral this week first. Outlook will also remain bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 projection level. In the bigger picture, down trend from […]