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Daily Pivots: (S1) 0.8966; (P) 0.9019; (R1) 0.9074; More… USD/CHF recovered after drawing support from near term rising channel and 55 D EMA. Intraday bias is turned neutral first. Rise from 0.8374 resistance intact so far. On the upside, break of 0.9107 will target 0.9200 and 0.9223 key resistance. On the downside, break of 0.8964 […]

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EUR/USD Daily Outlook

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EUR/GBP Daily Outlook

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08/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 183.43; (P) 183.87; (R1) 184.41; More… Intraday bias in GBP/JPY stays neutral first. On the upside, sustained break of 184.15 resistance will argue that whole pull back from 188.63 has completed and bring further rally to retest this high. However, break of 181.73 minor support will indicate rejection by 184.15, and retain […]
26/01/2025

GBP/JPY Weekly Outlook

GBP/JPY’s stronger than expected rebound and break of 55 D EMA last week argues that fall from 198.84 has completed at 189.31. Initial bias remains on the upside this week for 198.94 resistance, as corrective pattern from 180.00 extends with another rising leg. On the downside, below 192.05 minor support will turn intraday bias neutral […]
08/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9384; (P) 0.9411; (R1) 0.9445; More…. Intraday bias in EUR/CHF remains neutral as range trading continues. For now, the favored case is that rise from 0.9209 low is not finished yet. Break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. However, break of 0.9332 will dampen […]