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Daily Pivots: (S1) 0.7983; (P) 0.8010; (R1) 0.8034; More…. Intraday bias in USD/CHF stays mildly on the downside. The current favored case is that corrective rebound from 0.7871 has completed at 0.8170. Deeper fall would be seen to 0.7910 support, and then retest 0.7871. Nevertheless, break of 0.8033 minor resistance will dampen this bearish view […]

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GBP/JPY Daily Outlook

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05/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.37; (P) 188.64; (R1) 189.89; More… In the bigger picture, fall from 208.09 medium term top is seen as correcting the up trend from 148.93 (2022 low). 38.2% retracement of 148.93 to 208.09 at 185.49 is already met. Decisive break there will argue that even larger scale correction is already underway. For […]
17/05/2025

EUR/GBP Weekly Outlook

EUR/GBP’s decline from 0.8737 continued last week despite interim recovery. As noted before, rise from 0.8221 should have completed as a correction to 0.8737. Initial bias is on the downside this week for 0.8221/8239 support zone. On the upside, above 0.8439 minor resistance will turn intraday bias neutral again first. In the bigger picture, current […]
11/12/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.4160; (P) 1.4178; (R1) 1.4199; More… Intraday bias in USD/CAD is turned neutral first with current retreat, and some consolidations would be seen. But outlook will remain bullish as long as 1.4009 support holds. Break of 1.4194 will resume larger up trend to 1.4391 projection level. However, considering bearish divergence condition in […]