GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Intraday bias in USD/CAD remains on the upside for 1.3790 resistance. Corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589 twice. Break of 1.3790 will argue that larger rise from 1.3716 is ready […]

Daily Pivots: (S1) 0.9364; (P) 0.9387; (R1) 0.9406; More…. Intraday bias in EUR/CHF stays neutral and further decline is expected with 0.9455 resistance intact. On the downside, break of 0.9351 will resume the fall from 0.9579 to retest 0.9209 low. However, break of 0.9497 will turn bias back to the upside for 0.9579 resistance instead. […]

AUD/USD’s fall fro 0.6823 extended lower last week and the development indicates short term topping. After the late selloff on Friday, initial bias is now on the downside this week for 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, above 0.6766 resistance will bring […]