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Daily Pivots: (S1) 1.2391; (P) 1.2434; (R1) 1.2459; More… No change in GBP/USD’s outlook as range trading continues and intraday bias stays neutral. Rebound from 1.2099 is seen as a corrective move. While another rise cannot be ruled out, strong resistance could be seen 38.2% retracement of 1.3433 to 1.2099 at 1.2609 to limit upside. […]

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10/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9396; (P) 0.9411; (R1) 0.9431; More…. Intraday bias in EUR/CHF remains neutral as it’s still bounded in converging range. For now, the favored case is that rise from 0.9209 low is not finished yet. Break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. However, break of […]
15/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9479; (P) 0.9512; (R1) 0.9570; More… While EUR/CHF’s recovery from 0.9402 extended higher, it’s still capped by 0.9543 resistance. Intraday bias stays neutral and further decline remains in favor. On the downside, decisive break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from […]
28/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.53; (P) 161.35; (R1) 161.83; More…. Intraday bias in EUR/JPY remains neutral as consolidations continue below 163.86. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 support […]