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Daily Pivots: (S1) 0.8443; (P) 0.8460; (R1) 0.8490; More… USD/CHF is still bounded in sideway trading and intraday bias stays neutral. With 0.8548 resistance intact, further decline is still expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. […]

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EUR/USD Daily Outlook

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20/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8517; (P) 0.8525; (R1) 0.8542; More…. Intraday bias in EUR/GBP is turned neutral with current recovery. IN case of another fall, strong support should be seen from 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494), to complete the correction from […]
23/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2912; (P) 1.2927; (R1) 1.2949; More… GBP/USD is still holding above 1.2859 resistance turned support and intraday bias remains neutral. Further rally is expected for now. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 […]
06/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 142.79; (P) 143.51; (R1) 144.17; More… Intraday bias in USD/JPY stays on the downside for the moment. Firm break of 141.67 support will resume whole decline from 161.95 high, for 140.25 support next. On the upside, above 144.22 minor resistance will turn intraday bias neutral first. But risk will stay on the […]