Category: Technical Outlook

Daily Pivots: (S1) 1.3283; (P) 1.3344; (R1) 1.3421; More… Intraday bias in GBP/USD stays mildly on the upside for the moment. Decisive break of 1.3433/42 key resistance zone will confirm larger up trend resumption. On the downside, though, below 1.3249 support will extend the corrective pattern from 1.3442 with another falling leg. In the bigger…

Daily Pivots: (S1) 144.52; (P) 145.00; (R1) 145.33; More… Intraday bias in USD/JPY stays neutral at this point. Further rally is in favor as long as 144.02 support holds. Above 146.08 minor resistance will target 148.64 first. Firm break there will resume the rally from 139.87 to 61.8% retracement of 158.86 to 139.87 at 151.60…

Daily Pivots: (S1) 0.8318; (P) 0.8349; (R1) 0.8378; More…. USD/CHF breached 0.8323 support but failed to sustain below. Intraday bias stays neutral first. On the downside, firm break of 0.8323 support will argue that corrective rebound from 0.8038 has completed at 0.8475, after rejection by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. Intraday bias…

Daily Pivots: (S1) 1.1180; (P) 1.1234; (R1) 1.1296; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the upside, decisive break of 1.1292 resistance should indicate that correction from 1.1572 has already completed after defending 38.2% retracement of 1.0176 to 1.1572 at 1.1039. Intraday bias will be turned back to the upside…

Daily Pivots: (S1) 144.52; (P) 145.00; (R1) 145.33; More… Intraday bias in USD/JPY remains neutral first. Further rally is in favor as long as 144.02 support holds. Above 146.08 minor resistance will target 148.64 first. Firm break there will resume the rally from 139.87 to 61.8% retracement of 158.86 to 139.87 at 151.60 next. However,…

Daily Pivots: (S1) 1.3283; (P) 1.3344; (R1) 1.3421; More… Intraday bias in GBP/USD is mildly on the upside for 1.3433/42 key resistance zone. Decisive break there will confirm larger up trend resumption. On the downside, though, below 1.3249 support will extend the corrective pattern from 1.3442 with another falling leg. In the bigger picture, up…

Daily Pivots: (S1) 0.8318; (P) 0.8349; (R1) 0.8378; More…. Intraday bias in USD/CHF remains neutral as sideway trading continues. On the downside, firm break of 0.8323 support will argue that corrective rebound from 0.8038 has completed at 0.8475, after rejection by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. Intraday bias will be back on…

Daily Pivots: (S1) 1.3920; (P) 1.3947; (R1) 1.3977; More… Sideway trading continues in USD/CAD below 1.4014 and intraday bias stays neutral. Further rise is in favor with 1.3898 support intact. On the upside, above 1.4014 will resume the rebound from 1.3749 short term bottom to 1.4150 cluster resistance (38.2% retracement of 1.4791 to 1.3749 at…

Daily Pivots: (S1) 1.7359; (P) 1.7439; (R1) 1.7488; More… Intraday bias in EUR/AUD stays neutral for the moment. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound. However, below 1.7245…

Daily Pivots: (S1) 0.9348; (P) 0.9373; (R1) 0.9409; More…. EUR/CHF is still bounded in sideway trading and intraday bias stays neutral. Price actions from 0.9218 are seen as either a corrective move or the third leg of the pattern from 0.9204. On the upside, break of 0.9419 will resume the rise from 0.9218 through 0.9445…