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USD/CHF’s fall from 0.9111 continued last week and edged lower to 0.8629 last week. Nevertheless, with subsequent recovery, initial bias is neutral this week for consolidations first. Break of 0.8629 will resume the decline to retest 0.8551 key support level. However, break of 0.8819 will turn bias back to the upside for stronger rebound. In […]

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GBP/USD Weekly Outlook

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12/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2993; (P) 1.3052; (R1) 1.3103; More… Intraday bias in GBP/USD stays mildly on the downside at hits point. Fall from 1.3265 short term top is in progress for 55 D EMA (now at 1.2949). Sustained break there will bring deeper fall to 1.2664 key support. On the upside, above 1.3111 minor resistance […]
11/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2704; (P) 1.2724; (R1) 1.2762; More… Intraday bias in GBP/USD remains neutral as range trading is still in progress. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from […]
12/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6361; (P) 1.6440; (R1) 1.6484; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, below 1.6368 will resume the fall from 1.6742 towards 1.6127 low. Nevertheless, break of 1.6516 will turn bias back to the upside for stronger rebound. In the bigger picture, fall from 1.7062 medium term […]