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Daily Pivots: (S1) 0.8811; (P) 0.8850; (R1) 0.8871; More… USD/CHF’s retreat from 0.8916 extends lower today but stays above 0.8773 resistance turned support. Intraday bias remains neutral first and further rally is in favor. On the upside, break of 0.8916 and sustained trading above 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the […]

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19/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2678; (P) 1.2700; (R1) 1.2730; More… GBP/USD is still in weak recovery today and intraday bias remains neutral. Risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. In […]
08/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2554; (P) 1.2584; (R1) 1.2622; More… GBP/USD’s fall from 1.2731 short term top resumed after brief recovery. Intraday bias is back on the downside for 55 D EMA (now at 1.2437). Sustained break there will bring retest of 1.2036 low. On the upside, above 1.2611 minor resistance will turn intraday bias neutral […]
03/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8411; (P) 0.8422; (R1) 0.8433; More…. Intraday bias in EUR/GBP remains neutral for the moment. Consolidations from 0.8399 would continue and stronger recovery might be seen. But further decline is expected as long as 0.8466 minor resistance holds. Below 0.8399 will resume the decline from 0.8624 and target 0.8382 support. Firm break […]