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Daily Pivots: (S1) 0.8334; (P) 0.8368; (R1) 0.8408; More…. Range trading continues in USD/CHF and intraday bias stays neutral. On the downside, firm break of 0.8323 support will argue that corrective rebound from 0.8038 has completed at 0.8475, after rejection by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. Intraday bias will be back on […]

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EUR/USD Mid-Day Outlook

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GBP/JPY Daily Outlook

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13/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2685; (P) 1.2781; (R1) 1.2843; More… Outlook in GBP/USD is unchanged and intraday bias stays on the downside. Decisive break of 61.8% retracement of 1.2298 to 1.3433 at 1.2732 will extend the decline from 1.3433 to 1.2298 key support. On the upside, above 1.2833 support turned resistance will turn intraday bias neutral […]
10/12/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8763; (P) 0.8784; (R1) 0.8808; More… Outlook in USD/CHF remains unchanged for now. Corrective fall from 0.8956 could have completed at 0.8735 after hitting 55 D EMA. Further rally is in favor to retest 0.8956 high first. However, considering head and shoulder top pattern, firm break of the EMA will argue that […]
04/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0788; (P) 1.0812; (R1) 1.0861; More… Intraday bias in EUR/USD remains on the upside at this point. Rise from 1.0723 is seen as the third leg of the corrective pattern from 1.0694. Further rally would be seen to 1.0941/0980 resistance zone. On the downside, though, below 55 4H EMA (now at 1.0807) […]