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EUR/GBP rebounded strongly to 0.8446 last week, but failed to sustain above 0.8433 resistance and retreated sharply. Initial bias is turned neutral this week first. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound towards 0.8624 resistance. […]

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21/03/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9656; (P) 0.9672; (R1) 0.9703; More.. EUR/CHF surges to as high as 0.9780 today and met 61.8% retracement of 1.0095 to 0.9252 at 0.9773 already. The strong break of 0.9683 resistance carries larger bullish implications. Intraday bias stays on the upside. Sustained trading above 0.9773 will pave the way to 1.0095 key […]
28/09/2024

GBP/JPY Weekly Outlook

GBP/JPY retreated sharply after edging higher to 195.95 last week and initial bias is neutral this week first. On the upside, above 195.95 temporary top will extend the corrective rebound from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. However, firm break of 190.11 will argue that this correction might have completed, […]
22/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2605; (P) 1.2704; (R1) 1.2757; More… Intraday bias in GBP/USD remains on the downside for 1.2517 support Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish On the upside, above 1.2674 minor resistance will turn intraday bias neutral first. In the […]