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Daily Pivots: (S1) 0.8419; (P) 0.8455; (R1) 0.8476; More… Intraday bias in USD/CHF remains neutral for the moment as consolidation continues above 0.8399. 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, […]

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16/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 195.88; (P) 196.49; (R1) 197.11; More… Intraday bias in GBP/JPY is turned neutral with current retreat. On the downside, break of 194.74 support will suggest that corrective pattern from 200.53 has started the third leg. Deeper fall would be seen back to 191.34 support and below. For now, risk will stay on […]
27/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0815; (P) 1.0836; (R1) 1.0868; More… Intraday bias in EUR/USD stays neutral and further rise is mildly in favor. Break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance turned support. In the bigger picture, […]
03/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8544; (P) 0.8559; (R1) 0.8578; More… No change in EUR/GBP’s outlook and intraday bias stays neutral. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, […]