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Daily Pivots: (S1) 199.77; (P) 200.09; (R1) 200.49; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, decisive break of 200.72 will resume larger up trend. Nevertheless, break of 197.18 will turn bias to the downside and extend the corrective pattern from 200.53 with another falling leg. In the bigger picture, […]

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12/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0906; (P) 1.0919; (R1) 1.0929; More….. Intraday bias in EUR/USD remains for the moment. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring retest of 1.1007 first. Further break there will resume rally from 1.0665 to 100% […]
11/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8973; (P) 0.8987; (R1) 0.9011; More… USD/CHF’s decline from 0.9049 resumed by breaking through 0.8942 support and intraday bias remains is back on the downside for retesting 0.8825. Fall from 0.9223 should be in progress with near term channel intact. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at […]
04/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0838; (P) 1.0875; (R1) 1.0922; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.1016 short term top should extend to 55 D EMA (now at 1.0769). On the upside, however, break of 1.1016 will resume the rise from 1.0447 to retest 1.1274 high instead. In […]