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Daily Pivots: (S1) 1.3072; (P) 1.3123; (R1) 1.3177; More… Intraday bias in GBP/USD is turned neutral first with 4H MACD crossed above signal line. Some consolidations would be seen above 1.3069 temporary low. On the downside, below 1.3069 will target 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999). Strong support should be […]

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GBP/JPY Daily Outlook

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04/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3050; (P) 1.3166; (R1) 1.3241; More… Intraday bias in GBP/USD remains on the downside as pullback from 1.3433 short term top is progress. Deeper decline would be seen, but strong support is expected from 1.3000 cluster (38.2% retracement of 1.2298 to 1.3433 at 1.2999 to bring rebound. On the upside, above 1.3174 […]
01/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8802; (P) 0.8825; (R1) 0.8870; More…. USD/CHF rebounded notably but stays in range below 0.8884. Intraday bias remains neutral at this point. With 0.8727 resistance turned support intact, further rally is expected. On the upside, above 0.8884 will resume the rise from 0.8332 towards 0.9243 resistance. However, sustained break of 0.8727 will […]
31/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.80; (P)199.63; (R1) 200.50; More… Intraday bias in USD/JPY remains neutral at this point. Firm break of 199.00 support will suggest short term topping, on bearish divergence condition in 4H MACD. Rise from 191.34, as the second leg of the corrective pattern from 200.53, might have completed too. Deeper fall should then […]