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Daily Pivots: (S1) 1.0716; (P) 1.0758; (R1) 1.0784; More… Intraday bias in EUR/USD stays on the downside for 1.0694 support. Decisive break there will resume the whole decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0767 minor resistance will turn intraday bias neutral first. […]

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18/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8665; (P) 0.8689; (R1) 0.8726; More…. USD/CHF is extending the consolidation pattern from 0.8629 for now, and intraday bias stays neutral. Outlook remains bearish with 0.8819 resistance intact. On the downside, break of 0.8629 will resume larger fall from 0.9243 to retest 0.8551 key support next. On the upside, however, firm break […]
13/04/2024

GBP/JPY Weekly Outlook

GBP/JPY retreated deeply after failing to break through 193.51 resistance, but recovered after breaching 190.02 support. Initial bias remains neutral this week first. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the rise from 178.32, […]
02/03/2024

EUR/GBP Weekly Outlook

EUR/GBP recovered last week but failed to break through 0.8577 so far. Initial bias remains neutral this week first. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8574) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound […]