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Daily Pivots: (S1) 0.9001; (P) 0.9053; (R1) 0.9097; More… USD/CHF bounces slightly after drawing support from 55 4H EMA, but stays below 0.9136 resistance. Intraday bias remains neutral for more consolidations. But further rally is expected as long as 0.8956 resistance turned support holds. Above 0.9136 will resume the rally from 0.8374 to 0.9223 key […]

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05/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8562; (P) 0.8572; (R1) 0.8581; More… EUR/GBP is still bounded in range below 0.8601 and intraday bias remains 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. […]
03/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… No change in GBP/USD’s outlook as range trading continues. Intraday bias remains neutral at this point. On the upside, above 1.2568 will resume the rebound from 1.2298. Sustained break of 55 D EMA (now at 1.2577) will argue that fall from 1.2892 has completed already, and […]
13/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2604; (P) 1.2624; (R1) 1.2648; More… GBP/USD edged higher to 1.2653 today but failed to sustain above 55 4H EMA again. Intraday bias remains neutral for the moment. On the upside, firm break of 1.2653 resistance will affirm the case that correction from 1.2826 has completed at 1.2517, after drawing support from […]