GBP/USD Daily Outlook

Daily Pivots: (S1) 151.45; (P) 152.32; (R1) 153.64; More… Intraday bias in USD/JPY stays on the upside at this point. Decisive break of 61.8% retracement of 161.94 to 139.57 at 153.39 will extend the rally from 139.57 to retest 161.94 high. On the downside, below 151.18 minor support will turn intraday bias neutral first. But […]

Daily Pivots: (S1) 0.9378; (P) 0.9409; (R1) 0.9437; More…. EUR/CHF retreated ahead of 0.9440 resistance and outlook is unchanged. Corrective rebound from 0.9204 could still extend higher through 0.9440. But upside should be limited by 0.9481 fibonacci resistance. On the downside, firm break of 0.9329 support will argue that the correction has completed, and bring […]

Daily Pivots: (S1) 0.8861; (P) 0.8890; (R1) 0.8932; More… USD/CHF’s rally is still in progress and intraday bias stays on the upside. Sustained break of 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way to 0.9223 high. On the downside, below 0.8835 minor support will turn intraday bias neutral and bring consolidations, […]