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Daily Pivots: (S1) 1.3105; (P) 1.3162; (R1) 1.3207; More… Intraday bias in GBP/USD remains on the downside with focus on 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Decisive break there will complete a double top pattern (1.3787/3725) and turn near term outlook bearish. Deeper decline should then be seen to 61.8% retracement […]

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23/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8465; (P) 0.8491; (R1) 0.8530; More… Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in 4H MACD, break of 0.8548 […]
14/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.79; (P) 161.29; (R1) 161.94; More… Intraday bias in EUR/JPY stays neutral at this point. Outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first. Break there will resume the fall from 175.41 to 153.15 support […]
26/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2464; (P) 1.2495; (R1) 1.2543; More… Intraday bias in GBP/USD remains neutral for the moment. Near term outlook stays bearish as long as 1.2538 support turned resistance holds. Break of 1.2421 minor support will argue that rebound from 1.2298 has completed and bring retest of this low. However, decisive break of 1.2538 […]