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Daily Pivots: (S1) 0.8754; (P) 0.8775; (R1) 0.8794; More…. No change in USD/CHF’s outlook as range trading continues. Intraday bias stays neutral for the moment. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current […]

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GBP/JPY Daily Outlook

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20/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8545; (P) 0.8570; (R1) 0.8584; More… While EUR/GBP recovers ahead of 0.8548, further decline is still expected with 0.8619 resistance intact. Firm break of 0.8548 will argue that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this view and turn bias back to the […]
28/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2744; (P) 1.2761; (R1) 1.2788; More… GBP/USD’s rally from 1.2298 resumed after brief retreat and intraday bias is back on the upside. Further rally should be seen to 1.2892 resistance next. On the downside, below 1.2670 will turn bias to the downside for deeper pull back. In the bigger picture, price actions […]
20/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6662; (P) 0.6681; (R1) 0.6714; More… Intraday bias in AUD/USD remains neutral for consolidation below 0.6713. Further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves down to 0.6361 already. Above 0.6713 will target 0.6870 resistance next. In the bigger […]