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Daily Pivots: (S1) 1.2599; (P) 1.2620; (R1) 1.2650; More… GBP/USD retreated ahead of 55 4H EMA (now at 1.2642) and intraday bias is turned neutral first. Above 1.2641 will resume the rebound from 1.2517 to retest 1.2826 high. On the downside, however, decisive break of 1.2499 will argue that whole rise from 1.2036 has completed […]

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11/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.32; (P) 197.62; (R1) 198.50; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 199.79. Further rally is expected as long as 55 D EMA (now at 194.99) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D […]
20/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8788; (P) 0.8813; (R1) 0.8835; More…. USD/CHF is extending the consolidation pattern from 0.8884 and intraday bias remains neutral. Further rally is expected as long as 0.8727 resistance turned support holds. On the upside, break of 0.8885 will resume the rise from 0.8332 and target and 100% projection of 0.8332 to 0.8727 […]
08/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.69; (P) 146.30; (R1) 148.31; More… Intraday bias in USD/JPY remains neutral an further decline is expected with 150.88 resistance intact. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall from 161.94 to 140.25 support next. In the bigger picture, the strong […]