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Daily Pivots: (S1) 1.2923; (P) 1.2949; (R1) 1.2978; More… No change in GBP/USD’s outlook, and further rally is mildly in favor with 1.2860 minor support intact. Sustained trading above 61.8% retracement of 1.3433 to 1.2099 at 1.2923 will resume the rise from 1.2099, and pave the way back to 1.3433 high. Nevertheless, break of 1.2860 […]

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EUR/GBP Daily Outlook

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USD/CHF Daily Outlook

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08/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9284; (P) 0.9308; (R1) 0.9328; More… Intraday bias in EUR/CHF remains neutral as consolidation from 0.9252 is extending. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend to 100% projection of […]
01/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8409; (P) 0.8429; (R1) 0.8441; More…. Intraday bias in EUR/GBP remains neutral for the moment. Consolidation from 0.8382 might extend with stronger recovery. But outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 […]
19/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8507; (P) 0.8523; (R1) 0.8534; More…. Intraday bias in EUR/GBP remains on the downside at this point. Correction from 0.8624 is in progress for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring […]