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Daily Pivots: (S1) 1.3283; (P) 1.3344; (R1) 1.3421; More… Intraday bias in GBP/USD is mildly on the upside for 1.3433/42 key resistance zone. Decisive break there will confirm larger up trend resumption. On the downside, though, below 1.3249 support will extend the corrective pattern from 1.3442 with another falling leg. In the bigger picture, up […]

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08/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6531; (P) 0.6565; (R1) 0.6582; More… AUD/USD recovered after hitting 0.6524 and intraday bias is turned neutral first. Some consolidations would be seen, but risk stays mildly on the downside as long as 0.6689 resistance holds. Break of 0.6524 will resume the fall from 0.6689 short term top to 55 D EMA […]
30/01/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.23; (P) 161.86; (R1) 162.41; More… Intraday bias in EUR/JPY is back on the downside with break of 160.94 minor support. Deeper decline would be seen to 159.74 support and below. But overall, price actions from 154.40 are seen as a corrective pattern, which might still extend further. In the bigger picture, […]
28/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8652; (P) 0.8664; (R1) 0.8679; More… USD/CHF’s rally from 0.8374 resumed after brief consolidations, and intraday bias is back on the upside. Decisive break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should then be seen to […]