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Daily Pivots: (S1) 0.8438; (P) 0.8477; (R1) 0.8501; More… No change in USD/CHF’s outlook as range trading continues. 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. However, break of 0.8548 resistance will turn bias back to the upside […]

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21/01/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rise from 178.32 continued last week and breach of 188.63 argues that larger up trend is resuming. Initial bias stays on the upside this week. Sustained trading above 188.63 will confirm this case and target 38.2% projection of 155.33 to 188.63 from 178.32 at 191.04. On the downside, below 1187.01 minor support will turn […]
14/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0529; (P) 1.0591; (R1) 1.0627; More… Intraday bias in EUR/USD stays on the downside for now, as fall from 1.1213 is in progress for 100% projection of 1.1213 to 1.0760 from 1.0936 at 1.0483. Break there will target 1.0404 key fibonacci level. On the upside, above 1.0594 minor resistance will turn intraday […]
18/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2673; (P) 1.2691; (R1) 1.2724; More… Intraday bias in GBP/USD remains neutral for the moment and some more consolidations would be seen. But risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and […]