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Daily Pivots: (S1) 1.2539; (P) 1.2585; (R1) 1.2630; More… Intraday bias in GBP/USD stays neutral for the moment. Rejection by 38.2% retracement of 1.3433 to 1.2099 at 1.2609 will keep near term outlook bearish. Break of 1.2331 support will suggest that the rebound from 1.2099 has completed as a correction, and bring retest of 1.2099 […]

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22/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.72; (P) 195.23; (R1) 196.09; More… Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 199.79 will resume whole rebound from 180.00. However, firm break of 193.54 will extend the fall from 199.79 to 183.70 support instead. In the bigger picture, price actions from 208.09 are seen […]
14/02/2025

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9397; (P) 0.9455; (R1) 0.9510; More…. EURCHF reversed ahead of 0.9516 resistance but recovered well ahead of 0.9359 support. Intraday bias remains neutral first. On the downside, break of 0.9359 will argue that recent rebound from 0.9204 has already completed and bring deeper fall. However, sustained break of 0.9516 will carry larger […]
09/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6557; (P) 0.6580; (R1) 0.6602; More… Intraday bias in AUD/USD remains neutral at this point. Further rise is in favor as long as 55 4H EMA (now at 0.6562) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA will bring deeper fall […]