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Daily Pivots: (S1) 1.1392; (P) 1.1415; (R1) 1.1444; More… Range trading continues in EUR/USD and intraday bias stays neutral. Price actions from 1.1572 are seen as a corrective pattern to rally from 1.0716. While rebound from 1.1064 might extend, strong resistance should emerge from 1.1572 to limit upside. On the downside, break of 1.1356 support […]

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USD/JPY Daily Outlook

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06/12/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2712; (P) 1.2742; (R1) 1.2790; More… GBP/USD’s rebound from 1.2486 continues today and intraday bias stays on the upside for 55 D EMA (now at 1.2849). Strong resistance is expected there to limit upside, and bring resumption of whole fall from 1.3433. On the downside, below 1.2615 minor support will bring retest […]
19/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8409; (P) 0.8445; (R1) 0.8498; More… No change in USD/CHF’s outlook as it’s still bounded in range of 0.8374/8548. Intraday bias remains neutral for the moment. With 0.8548 resistance intact, further decline is still expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive […]
19/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.26; (P) 191.19; (R1) 191.99; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 191.99 will 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, however, break of 187.84 minor support will turn bias […]