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GBP/USD rebounded further to 1.2708 last week but retreated since then. Initial bias remains neutral this week first. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise from […]

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24/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9875; (P) 0.9896; (R1) 0.9909; More…. Intraday bias in EUR/CHF is turned neutral again as it retreated after edging higher to 0.9914. On the downside, break of 0.9876 minor support will turn bias back to the downside for retreat, back to 0.9728/9835 support zone. On the upside, sustained break of 61.8% projection […]
17/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8572; (P) 0.8580; (R1) 0.8585; More… Intraday bias in EUR/GBP remains on the downside at this point. Further fall should be seen to 0.8529 support. Decisive break there will argue that larger down trend is ready to resume. For now, risk will stay on the downside as long as 0.8619 resistance holds, […]
12/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.12; (P) 145.85; (R1) 146.89; More… Intraday bias in USD/JPY is turned neutral first with current retreat. Break of 144.80 minor support will suggest that rebound from 141.59 has completed at 146.58, after rejection by 55 4H EMA. Intraday bias will then be back on the downside for retesting 141.59 low. Overall […]