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Daily Pivots: (S1) 0.8835; (P) 0.8877; (R1) 0.8905; More… Range trading continues in USD/CHF below 0.8956 and intraday bias remains neutral. More consolidations could be seen and outlook will stay bullish as long as 0.8800 support holds, in case of retreat. Break of 0.8956 will resume the rally from 0.8374, and target 0.9223 key resistance […]

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GBP/JPY Daily Outlook

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09/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.63; (P) 191.92; (R1) 192.45; More….. Intraday bias in GBP/JPY stays neutral as consolidations continue below 193.51. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, break of 190.02 will turn bias to the downside for 187.94 support instead. In the […]
15/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8583; (P) 0.8612; (R1) 0.8655; More… Intraday bias in USD/CHF remains on the upside for the moment. Rise from 0.8374 short term bottom is in progress for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally […]
06/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2979; (P) 1.3011; (R1) 1.3074; More… GBP/USD is still holding above 1.2842 support and intraday bias remains neutral. Further decline is expected as long as 1.3047 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H […]