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EUR/GBP gyrated lower last week and broke 55 D EMA (now at 0.8347). But subsequent strong recovery mixed up the near term outlook. Initial bias is turned neutral this week first. On the downside, below 08314 will bring deeper fall back to 0.8239 support. However, firm break of 0.8373 minor resistance will argue that fall […]

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02/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2513; (P) 1.2578; (R1) 1.2617; More… Intraday bias in GBP/USD remain son the downside for 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. For now, risk will stay on the downside as long as 1.2667 resistance holds, […]
25/05/2024

USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.8987 extended to 0.9157 last week before turning sideway. Current development suggests that pull back from 0.9223 has completed already. Initial bias remains neutral this week first and further rise is in favor. Above 0.9157 will bring retest of 0.9223. However, break of 0.9077 support will bring retest of 0.8987. Break there […]
29/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9762; (P) 0.9780; (R1) 0.9797; More… Intraday bias in EUR/CHF remains neutral at this point. Further rally is expected with 0.9708 minor support intact. Above 0.9800 will resume the rebound from 0.9563 to retest 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the corrective pattern form […]