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Daily Pivots: (S1) 0.8192; (P) 0.8232; (R1) 0.8278; More…. USD/CHF breached 0.8196 support but quickly recovered. Intraday bias remains neutral first. On the upside, above 0.8333 will resume the rebound from 0.8038. However, upside should be limited by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. On the downside, firm break of 0.8196 will bring […]

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22/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.92; (P) 190.21; (R1) 191.47; More… Range trading continues in GBP/JPY below 191.99 and intraday bias remains neutral. On the upside, above 191.99 will resume the rally from 180.00, and target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, […]
09/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8541; (P) 0.8562; (R1) 0.8595; More… Intraday bias in USD/CHF remains neutral for consolidations below 0.8606 temporary top. Further rise is in favor as long as 0.8499 minor support holds. Above 0.8606 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has […]
15/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0886; (P) 1.0911; (R1) 1.0935; More…. EUR/USD’s fall from 1.1213 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, […]