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USD/CHF edged lower to 0.8776 last week but recovered again. Initial bias stays neutral this week first. As long as 0.8923 resistance holds, further decline is expected. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8923 will turn […]

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EUR/USD Weekly Outlook

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GBP/JPY Daily Outlook

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26/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8563; (P) 0.8577; (R1) 0.8590; More… Break of 55 4H EMA suggests that EUR/GBP’s rise from 0.8519 has completed at 0.8643, ahead of medium term trend line resistance. near term bearishness is retained. Intraday bias is back on the downside for retesting 0.8491/7 support zone. On the upside, above 0.8599 minor resistance […]
05/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2729; (P) 1.2784; (R1) 1.2861; More… Range trading continues in GBP/USD and intraday bias stays neutral for the moment. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target 1.2612 support first. Decisive break there should confirm that rise from 1.2298 has completed. However, break of […]
20/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.17; (P) 146.62; (R1) 148.04; More… As noted before, USD/JPY’s rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays mildly on the downside for retesting 141.67 low. Firm break there will resume the whole fall from 161.94 to 139.26 […]