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Daily Pivots: (S1) 1.3297; (P) 1.3359; (R1) 1.3444; More… Intraday bias in GBP/USD remains on the upside for retesting 1.3433 high. Firm break there will confirm larger up trend resumption and target 100% projection of 1.2099 to 1.3206 from 1.2706 at 1.3813. On the downside, below 1.3277 minor support will turn intraday bias neutral again […]

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02/12/2023

AUD/USD Weekly Report

AUD/USD’s rebound from 0.6269 continued last week, and late breach of 0.6674 temporary top suggests that it’s resuming after brief retreat. Initial bias is back on the upside this week. Sustained break break of channel resistance (now at 0.6661) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further […]
05/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9568; (P) 0.9595; (R1) 0.9634; More… EUR/CHF’s rally from 0.9252 is in progress and intraday bias stays on the upside for 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. On the downside, below 0.9553 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise. […]
16/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 195.88; (P) 196.49; (R1) 197.11; More… Intraday bias in GBP/JPY is turned neutral with current retreat. On the downside, break of 194.74 support will suggest that corrective pattern from 200.53 has started the third leg. Deeper fall would be seen back to 191.34 support and below. For now, risk will stay on […]