GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0198; (P) 1.0224; (R1) 1.0270; More… Intraday bias in EUR/USD is turned neutral first with current recovery and some consolidations would be seen above 1.0176 temporary low. Further decline is expected as long as 1.0435 resistance holds. ON the downside, break of 1.0176 will resume the fall from 1.1213 and target 61.8% […]

USD/CHF stayed in range below 0.8333 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 0.8333 will resume the rebound from 0.8038. However, upside should be limited by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. On the downside, below 0.8196 minor support will bring retest of […]

Daily Pivots: (S1) 143.38; (P) 144.11; (R1) 145.37; More… USD/JPY’s break of 144.94 resistance argues that fall from 151.89 has completed. Intraday bias stays on the upside at this point. Rebound from 140.25 would target 61.8% retracement of 151.89 to 140.25 at 147.44, even as a corrective move. On the downside, below 144.45 minor support […]