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Daily Pivots: (S1) 0.8079; (P) 0.8173; (R1) 0.8246; More… A temporary low is formed at 0.8098 in USD/CHF with current recovery. Intraday bias is turned neutral first for consolidations. While stronger rise might be seen, upside should be limited by 55 4H EMA (now at 0.8449) to bring another fall. On the downside, break of […]

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11/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2809; (P) 1.2852; (R1) 1.2902; More… Intraday bias in GBP/USD remains on the upside at tis point. Current rise is part of the rally from 1.2063, and should target 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005. On the downside, below 1.2800 minor support will turn intraday bias neutral first. […]
25/01/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2305; (P) 1.2340; (R1) 1.2388; More… Immediate focus is now on 1.2486 support turned resistance as GBP/USD’s rebound from 1.2099 extends. Decisive break there will pave the way to 38.2% retracement of 1.3433 to 1.2099 at 1.2609, and possibly further to 1.2810 resistance. For now, further rally is in favor as long […]
16/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.74; (P) 149.33; (R1) 149.80; More… USD/JPY is staying in consolidation below 149.97 temporary top and intraday bias stays neutral. Further rally is expected with 146.48 resistance turned support intact. Above 149.97 will resume the rise from 139.57 to 61.8% retracement of 161.94 to 139.57 at 153.39 next. However, firm break of […]