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USD/CHF’s extended decline last week suggest that rebound from 0.8038 has completed as a three-wave correction to 0.8475. Initial bias is now on the downside with late breach of 0.8208 temporary low. Deeper fall should be seen to retest 0.8038 low. Firm break there will resume larger down trend to 61.8% projection of 0.9200 to […]

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USD/CHF Daily Outlook

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31/01/2025

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9069; (P) 0.9087; (R1) 0.9114; More… USD/CHF’s recovery from 0.8964 extends today, and break of 0.9107 suggests that pull back from 0.9200 has completed. Intraday bias is back on the upside for 0.9200, and then 0.9223 key resistance. On the downside, break of 0.8964 will resume the fall from 0.9200 to 38.2% […]
04/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.60; (P) 193.39; (R1) 194.65; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside, above 195.95 will resume the rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35. On the downside, below 189.54 will bring deeper fall to 183.70 support. In the bigger picture, price […]
11/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2704; (P) 1.2724; (R1) 1.2762; More… Intraday bias in GBP/USD remains neutral as range trading is still in progress. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from […]