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Daily Pivots: (S1) 0.8919; (P) 0.8932; (R1) 0.8943; More…. No change in USD/CHF’s outlook as consolidation continues above 0.8825. Intraday bias stays neutral for the moment. Near term outlook remains bearish with 0.8992 resistance intact. Break of 0.8825 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672. In the […]

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07/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.38; (P) 162.67; (R1) 163.14; More… Intraday bias in EUR/JPY is back on the downside with break of 161.67 support. Price actions from 163.70 could be a correction to the rally from 153.15, or reversing the whole move. In either case, deeper fall would be seen to 38.2% retracement of 153.15 to […]
18/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… USD/JPY’s fall from 161.94 is seen as correcting whole rally from 140.25. Deeper decline is expected as long as 158.85 resistance holds, to 38.2% retracement of 140.25 to 161.94 at 163.65. On the upside, above 158.85 resistance will turn bias back to the upside for stronger […]
07/09/2024

AUD/USD Weekly Report

AUD/USD’s fall fro 0.6823 extended lower last week and the development indicates short term topping. After the late selloff on Friday, initial bias is now on the downside this week for 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, above 0.6766 resistance will bring […]