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Daily Pivots: (S1) 0.8861; (P) 0.8890; (R1) 0.8932; More… Intraday bias in USD/CHF is turned neutral first with current recovery. Some consolidations would be seen first but outlook will stay bullish as long as 0.8773 support holds. On the upside, sustained break of 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way […]

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GBP/USD Mid-Day Outlook

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04/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3050; (P) 1.3166; (R1) 1.3241; More… Intraday bias in GBP/USD remains on the downside as pullback from 1.3433 short term top is progress. Deeper decline would be seen, but strong support is expected from 1.3000 cluster (38.2% retracement of 1.2298 to 1.3433 at 1.2999 to bring rebound. On the upside, above 1.3174 […]
11/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0817; (P) 1.0824; (R1) 1.0838; More…. Range trading continues in EUR/USD and intraday bias remains neutral. Further rally is in favor as long as 55 4H EMA (now at 1.0796) holds. On the upside, above 1.0844 will resume the rebound from 1.0665 to retest 1.0915 resistance. Firm break there will target 100% […]
08/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8575; (P) 0.8587; (R1) 0.8611; More… EUR/GBP’s break of 0.8582 resistance suggests that fall from 0.8643 has completed at 0.8529. Intraday bias is back on the upside for 0.8643 resistance. Firm break there will resume the choppy rebound from 0.8497 low. On the downside, below 0.8566 minor support will turn intraday bias […]