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GBP/JPY’s fall from 199.79 extended lower last week despite interim rebound. Current development suggests that corrective rise from 180.00 has completed with three waves up to 199.79. Initial bias is on the downside this week for 183.70 support. For now, risk will stay on the downside as long as 197.77 resistance holds, in case of […]

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USD/CHF Weekly Outlook

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25/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8813; (P) 0.8868; (R1) 0.8907; More… Intraday bias in USD/CHF remains on the downside for the moment. Fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. For now, risk will stay on the downside as long as 0.8923 resistance holds, in case of recovery. In the […]
21/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2718; (P) 1.2753; (R1) 1.2820; More… Intraday bias in GBP/USD remains neutral at this point. On the downside, break of 1.2666 support and sustained break of 55 D EMA (now at 1.2685) will target 1.2517 structural support next. However, break of 1.2822 will bring further rally to retest 1.2892 instead. In the […]
23/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8367; (P) 0.8390; (R1) 0.8403; More… Intraday bias in EUR/GBP remains on the downside for the moment. Current down trend should target 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324. On the upside, above 0.8409 minor resistance will turn intraday bias neutral and bring consolidations. But outlook will stay bearish […]