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Daily Pivots: (S1) 161.22; (P) 161.52; (R1) 161.76; More… Intraday bias in USD/JPY remains on the upside for the moment. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.95 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. […]

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16/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3567; (P) 1.3584; (R1) 1.3602; More… Intraday bias in USD/CAD remains neutral at this point, and another fall remains in favor. On the downside, below 1.3545 minor support will turn bias to the downside for retesting 1.3439 low. Nevertheless, sustained break of 1.3617 will turn bias back to the upside for stronger […]
29/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.06; (P) 157.26; (R1) 159.53; More… Yen’s steep retreat today suggests that a short term top is already in place 160.20, close to 160 psychological level. Intraday bias is turned neutral for consolidations first. Some support might come from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. But break […]
03/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9050; (P) 0.9071; (R1) 0.9100; More…. Intraday bias in USD/CHF stays on the upside at this point. Current rally is in progress for 0.9243 key resistance next. On the downside, break of 0.9005 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat. In the […]