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Daily Pivots: (S1) 0.8802; (P) 0.8825; (R1) 0.8870; More…. USD/CHF rebounded notably but stays in range below 0.8884. Intraday bias remains neutral at this point. With 0.8727 resistance turned support intact, further rally is expected. On the upside, above 0.8884 will resume the rise from 0.8332 towards 0.9243 resistance. However, sustained break of 0.8727 will […]

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EUR/USD Daily Outlook

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13/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.62; (P) 194.98; (R1) 195.48; More.. Further rise is mildly in favor in GBP/JPY. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53, and could target 197.40 resistance. On the downside, break of 193.82 minor support will argue that the third leg as started, and turn […]
12/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2713; (P) 1.2732; (R1) 1.2759; More… GBP/USD’s strong rally and firm break of 1.2816 support confirms resumption of rise from 1.2298. Intraday bias is back on the upside for 1.2892 resistance. Decisive break there will strengthen the case that correction from 1.3141 has completed, and bring further rally to retest this high. […]
19/09/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9386; (P) 0.9405; (R1) 0.9427; More…. EUR/CHF’s break of 0.9444 resistance suggests that pull back from 0.9579 has completed at 0.9305 already. Rise from there is seen as the third leg of the pattern from 0.9209. Intraday bias is back on the upside for 0.9579 resistance next. On the downside, below 0.9380 […]