Daily Pivots: (S1) 0.8625; (P) 0.8641; (R1) 0.8672; More… USD/CHF’s rally from 0.8374 is in progress and intraday bias stays on the upside. Sustained 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 61.8% retracement […]
GBP/USD’s decline last week suggests that corrective recovery from 1.2486 might have completed at 1.2810 already. Break of 1.2615 should affirm this case, and bring deeper decline through 1.2486 to resume the whole fall from 1.3433. Next target will be 1.2298 cluster support zone. In the bigger picture, price actions from 1.3433 medium term are […]
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