USD/CHF’s rally from 0.8374 extended to 0.8699 last week and retreated from there. But late break of 0.8699 indicates that the rise is resuming. Initial bias is now on the upside this week. Sustained trading above 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 […]
Daily Pivots: (S1) 1.2694; (P) 1.2728; (R1) 1.2765; More… GBP/USD’s rally from 1.2517 is in progress and intraday bias stays on the upside. Further rise would be seen to 1.2826 resistance first. Firm break there will resume whole rally from 1.2036, and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005 next. For […]
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