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Daily Pivots: (S1) 188.67; (P) 189.75; (R1) 190.44; More…. Risk stays on the downside in GBP/JPY as long as 191.29 short term top holds. Break of 188.90 resistance turned support will extend the decline to 38.2% retracement of 178.32 to 191.29 at 186.33. In the bigger picture, up trend from 123.94 (2020 low) is in […]

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GBP/USD Daily Outlook

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19/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8636; (P) 0.8685; (R1) 0.8710; More….. Outlook in USD/CHF remains unchanged and intraday bias stays neutral for now. On the downside, break of 0.8616 support will indicate rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734, and turn bias back to the downside for retesting 0.8431 low. On the upside, sustained […]
13/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8425; (P) 0.8439; (R1) 0.8459; More… Intraday bias in EUR/GBP is turned neutral with current recovery, and some consolidations would be seen first. Further decline is expected as long as 0.8482 support turned resistance holds. Below 0.8417 will resume larger down trend to 0.8376 projection level next. On the upside, firm break […]
04/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.53; (P) 156.50; (R1) 157.06; More…. USD/JPY’s break of 156.36 minor support argues that rebound from 151.86 has possibly completed with three waves up to 157.70. Corrective pattern from 160.20 might have started the third leg already. Intraday bias is back on the downside for 153.59 support first. Firm break there will […]