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Daily Pivots: (S1) 1.2930; (P) 1.2973; (R1) 1.3009; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, firm break of 1.2910 support should confirm short term topping, on bearish divergence condition in 4H MACD. In this case, intraday bias will be back on the downside for near term channel support (now […]

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EUR/USD Mid-Day Outlook

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22/04/2025

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8026; (P) 0.8104; (R1) 0.8169; More… Further decline is expected in USD/CHF with 0.8196 resistance intact. Current down trend should target 200% projection of 0.9196 to 0.8757 from 0.8854 at 0.7976 next. Nevertheless, considering bullish convergence condition in 4H MACD, break of 0.8196 will indicate short term bottoming, and turn bias back […]
22/02/2025

GBP/JPY Weekly Outlook

GBP/JPY’s decline last week should confirm prior rejection by 55 D EMA (now at 192.44) which is a bearish sign. However, downside is still contained well above 187.04 support. Initial bias remains neutral this week first. On the downside, firm break of 187.04 will extend the fall from 199.79 towards 180.00 support. In the bigger […]
15/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.71; (P) 148.04; (R1) 148.63; More… Intraday bias in USD/JPY remains on the upside for the moment. Corrective fall from 150.87 could have completed at 146.47 already, after drawing support from 38.2% retracement of 140.25 to 150.87 at 146.81. Further rise should be seen to retest 150.87 next. Nevertheless, on the downside, […]