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Daily Pivots: (S1) 0.8927; (P) 0.8949; (R1) 0.8966; More… Intraday bias in USD/CHF is neutral for the moment, but further fall is expected with 0.9000 resistance intact. Below 0.8914 will target 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break of 0.9000 will turn bias back […]

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16/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.99; (P) 168.70; (R1) 169.30; More… Intraday bias in EUR/JPY is turned neutral with current retreat. On the downside, break of 166.73 support will argue that corrective pattern from 171.58 has started the third leg. Deeper fall would then be seen back to 164.01 support and below. For now, risk will stay […]
25/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… Intraday bias in GBP/USD remains neutral first. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D EMA (now at […]
22/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… GBP/JPY’s rally continues today and intraday bias stays on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, […]