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Daily Pivots: (S1) 0.8268; (P) 0.8287; (R1) 0.8323; More… A short term bottom is in place in EUR/GBP with break of 0.8239 resistance. Intraday bias is back on the upside for 38.2% retracement of 0.8472 to 0.8239 at 0.8328. Sustained break there will argue that whole fall from 0.8472 has completed and target 61.8% retracement […]

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12/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8440; (P) 0.8456; (R1) 0.8472; More… Intraday bias in EUR/GBP remains on the downside. Current down trend should target 0.8376 projection level next. On the upside, above 0.8446 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, down trend from 0.9267 (2022 […]
18/11/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.18; (P) 154.97; (R1) 156.07; More… Intraday bias in USD/JPY remains neutral and more consolidations would be seen below 156.74. Further rally is expected as long as 151.27 support holds. Above 156.74 will target 61.8% projection of 141.63 to 153.87 from 151.27 at 158.83. In the bigger picture, price actions from 161.94 […]
11/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8716; (P) 0.8742; (R1) 0.8784; More… USD/CHF’s rally resumed by breaking through 0.8733 temporary top and intraday bias is back on the upside. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899 next. On the upside, below 0.8752 minor support will turn intraday bias neutral again. But […]