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Daily Pivots: (S1) 0.9654; (P) 0.9664; (R1) 0.9686; More…. Intraday bias in EUR/CHF remains on the downside at this point. Break of 38.2% retracement of 0.9476 to 0.9772 at 0.9659 will extend the fall from 0.9772 to 61.8% retracement at 0.9589 and possibly below. On the upside, above 0.9772 will resume the rally from 0.9476 […]

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USD/JPY Mid-Day Outlook

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30/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.05; (P) 147.70; (R1) 148.14; More… USD/JPY is still bounded in consolidation from 148.79 and intraday bias remains neutral. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there […]
04/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.53; (P) 156.50; (R1) 157.06; More…. Intraday bias in USD/JPY stays on the downside at this point. Rebound from 151.86 should have completed with three waves up to 157.70. Fall from there is seen as the third leg of the corrective pattern from 160.20. Break of 153.59 will pave the way to […]
28/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1050; (P) 1.1086; (R1) 1.1144; More… Intraday bias in EUR/USD remains on the upside at this point. Current rally from 1.0447 is in progress for retesting 1.1274 high. Strong resistance should be seen from there to limit upside, at least on first attempt. On the downside, below 1.1027 minor support will turn […]