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Daily Pivots: (S1) 203.56; (P) 203.90; (R1) 204.27; More… Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations would be seen first. On the upside, above 204.22 will target a retest on 205.30 high. Break there will resume larger rise to 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. […]

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EUR/GBP Daily Outlook

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01/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2623; (P) 1.2642; (R1) 1.2665; More… Intraday bias in GBP/USD stays neutral first. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, rejection by 1.2702 will keep risk on the downside. Sustained trading below 1.2633 resistance […]

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9607; (P) 0.9624; (R1) 0.9644; More…. Immediate focus is now on 0.9683 as EUR/CHF extended the rebound from 0.9476. Decisive break there will argue that Fall from 0.9928 has completed, probably as a correction. Intraday bias will be back on the upside for retesting 0.9928 resistance. Nevertheless, rejection by 0.9683 will maintain […]
01/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0772; (P) 1.0789; (R1) 1.0810; More… EUR/USD’s fall from 1.0980 continues today and intraday bias remains on the downside. Next target is 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. For now, risk will stay on […]