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Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Range trading continues in USD/JPY and intraday bias stays neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break of […]

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USD/JPY Daily Outlook

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08/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8727; (P) 0.8754; (R1) 0.8780; More…. Intraday bias in USD/CHF stays mildly on the upside for the moment. As short term bottom should be in place at 0.8665, on bullish convergence condition in 4H MACD. Further rally would be seen to 0.8886 support turned resistance first. Decisive break there will indicate that […]
13/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0904; (P) 1.0924; (R1) 1.0946; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral at this point. Further rise is in favor as long as 55 4H EMA (now at 1.0894) holds. Above 1.0980 will resume the rally from 1.0694 to retest 1.1138 high. However, sustained break of the EMA […]
22/06/2024

GBP/JPY Weekly Outlook

GBP/JPY’s up trend resumed after brief retreat and hit as high as 202.01. Initial bias is now on the upside this week for 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. Firm break there will pave the way to 100% projection at 206.56 next. on the downside, below 200.46 minor support will turn […]