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Daily Pivots: (S1) 0.8817; (P) 0.8841; (R1) 0.8883; More… Intraday bias in USD/CHF remains on the upside for the moment. Sustained break of 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way to 0.9223 high. On the downside, below 0.8835 minor support will turn intraday bias neutral and bring consolidations, before staging […]

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GBP/USD Mid-Day Outlook

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04/05/2024

EUR/USD Weekly Outlook

EUR/USD’s rise from 1.0601 resumed last week and the strong break of 55 D EMA argues that fall from 1.1138 might have completed. Initial bias stays on the upside this week. Firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to 161.8% projection at 1.0892. For now, […]
15/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2930; (P) 1.2960; (R1) 1.3019; More… No change in GBP/USD’s outlook and intraday bias remains on the upside. Rise from 1.2298 is in progress for 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2898 minor support will […]
28/02/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.17; (P) 150.44; (R1) 150.81; More… Intraday bias in USD/JPY stays neutral as sideway trading continues. In case of deeper retreat, downside should be contained by 148.79 resistance turned support to bring rebound. On the upside, break of 150.87 will resume 140.25 to 151.89/93 key resistance zone. Decisive break there will confirm […]