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Daily Pivots: (S1) 0.8215; (P) 0.8264; (R1) 0.8355; More…. USD/CHF’s rebound from 0.8038 is still in progress and intraday bias stays mildly on the upside. However, strong resistance should be seen from 38.2% retracement of 0.9200 to 0.8038 at 0.8482 to limit upside. On the downside, break of 0.8038 will resume larger down trend. In […]

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18/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.21; (P) 195.83; (R1) 197.37; More… Intraday bias in GBP/JPY stays on the downside despite today’s weak recovery. Prior break of 55 D EMA (now at 195.23) argues that corrective rise from 180.00 has completed with three waves up to 199.79, after hitting rising channel resistance. Further decline would be seen to […]
15/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2623; (P) 1.2674; (R1) 1.2719; More… No change in GBP/USD’s outlook and intraday bias stays on the downside. CUrrent fall from 1.3433 should target 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. On the upside, above 1.2768 minor resistance will turn intraday bias neutral first. But outlook will stay bearish […]
03/03/2025

AUD/USD Daily Report

Daily Pivots: (S1) 0.6207; (P) 0.6261; (R1) 0.6291; More… Intraday bias in AUD/USD stays on the downside at this point. Corrective rebound from 0.6087 should have completed at 0.6407, ahead of 38.2% retracement of 0.6941 to 0.6087 at 0.6413. Deeper fall should be seen for retesting 0.6087 low. Firm break there will resume whole decline […]