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EUR/USD’s rebound from 1.0176 resumed last week with strong upside acceleration. Initial bias stays on the upside this week for 161.8% projection of 1.0176 to 1.0531 from 1.0358 at 1.0932. Firm break there will pave the way back to 1.1274 key resistance next. On the downside, below 1.0764 minor support will turn bias neutral and […]

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USD/JPY Daily Outlook

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25/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… No change in GBP/USD’s as range trading continues. Intraday bias remains neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly […]
02/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2646; (P) 1.2699; (R1) 1.2739; More… No change in GBP/USD’s outlook and intraday bias remains neutral. Consolidation from 1.2826 is extending and deeper fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2774 resistance will suggest that consolidation pattern […]
06/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8721; (P) 0.8743; (R1) 0.8773; More…. Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume the decline from 0.9243 to 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is […]