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Daily Pivots: (S1) 142.11; (P) 142.37; (R1) 142.64; More… USD/JPY is staying in sideway consolidation and intraday bias remains neutral at this point. In case of stronger recovery, upside should be limited below 146.58 resistance. On the downside, firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci […]

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USD/CHF Mid-Day Outlook

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GBP/USD Mid-Day Outlook

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19/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8809; (P) 0.8860; (R1) 0.8892; More…. Intraday bias in USD/CHF stays on the downside for the moment. Rise from 0.8332 could have completed at 0.9223, ahead of 0.9243 key resistance. Further decline would be seen to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. For now, risk will stay on the […]
16/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2955; (P) 1.2975; (R1) 1.2988; More… Intraday bias in GBP/USD is turned neutral first with current retreat. Some consolidations would be seen below 1.2994 temporary top first. But further rally is expected as long as 1.2859 resistance turned support holds. Above 1.2994 will resume the rally from 1.2298 and target 100% projection […]
11/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2700; (P) 1.2719; (R1) 1.2749; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2651) and possibly below. Nevertheless, break of 1.2816 will resume the […]