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Daily Pivots: (S1) 0.7917; (P) 0.7942; (R1) 0.7978; More…. Intraday bias in USD/CHF remains on the upside for the moment. Rebound from 0.7828 short term bottom is in progress for 0.8006 resistance. Firm break there will bring stronger rise back to 0.8170. On the downside though, below 0.7904 minor support will bring retest of 0.7828 […]

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20/02/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2552; (P) 1.2597; (R1) 1.2631; More… Intraday bias in GBP/USD remains neutral and attention stays on 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Rejection by 1.2609 will keep near term outlook bearish. Break of 1.2331 support will suggest that the rebound from 1.2099 has completed as a correction, and bring retest […]
14/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2778; (P) 1.2794; (R1) 1.2814; More… Intraday bias in GBP/USD remains neutral at this point. Further rally will remain in favor as long as 55 4H EMA (now at 1.2762) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 […]
22/04/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3297; (P) 1.3359; (R1) 1.3444; More… Further rally is expected in GBP/USD as long as 1.3277 support holds. Current rise should extend to retest 1.3433 high. Firm break there will confirm larger up trend resumption and target 100% projection of 1.2099 to 1.3206 from 1.2706 at 1.3813. Nevertheless, considering bearish divergence condition […]