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USD/CHF’s consolidation from 0.8757 continued last week and outlook is unchanged. Initial bias remains neutral this week first. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained break […]

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14/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8529; (P) 0.8548; (R1) 0.8564; More…. EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias is back on the upside for retesting 0.8624 first. Break there will resume the rally from 0.8382. However, decisive break […]
06/02/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2462; (P) 1.2506; (R1) 1.2548; More… GBP/USD dips notably today but stays above 1.2248 support and intraday bias remains neutral. While corrective rebound from 1.2099 could still extend, upside should be limited by 38.2% retracement of 1.3433 to 1.2099 at 1.2609. On the downside, break of 1.2248 support will bring retest of […]
08/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.65; (P) 148.39; (R1) 148.93; More… Intraday bias in USD/JPY is turned neutral first with current retreat. But further rally is expected as long as 141.63 support holds. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of […]