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Daily Pivots: (S1) 0.8557; (P) 0.8573; (R1) 0.8590; More… USD/CHF’s rise from 0.8374 resumed after brief consolidations Intraday bias is back on the upside for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. On the downside, below 0.8557 minor support […]

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GBP/USD Daily Outlook

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01/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8460; (P) 0.8471; (R1) 0.8484; More… EUR/GBP’s break of 0.8482 support turned resistance indicates short term bottoming a 0.8396. Intraday bias is back on the upside. Break of 55 D EMA (now at 0.8505) will target 0.8529 support turned resistance. on the downside, break of 0.8493 support will bring retest of 0.8396 […]
01/11/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8622; (P) 0.8646; (R1) 0.8659; More… Intraday bias in USD/CHF stays neutral as consolidation from 0.8699 is extending. Further rally remains in favor as long as 55 D EMA (now at 0.8609) holds. On the upside, decisive break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from […]
19/10/2024

GBP/USD Weekly Outlook

GBP/USD edged lower to 1.2973 last week but recovered after drawing support from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999). Initial bias remains neutral this week first. On the upside, firm break of 1.3102 resistance will argue that pullback from 1.3433 has completed, and turn bias back to the upside for […]