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Daily Pivots: (S1) 143.21; (P) 144.79; (R1) 145.95; More… While USD/JPY’s recovery extends higher today, upside is still limited below 150.88 resistance. Intraday bias remains neutral and further decline remains in favor. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall from 161.94 to 140.25 […]

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07/09/2024

USD/CHF Weekly Outlook

USD/CHF tried to resume the fall from 0.9223 resumed last week after interim recovery. Initial bias stays on the downside this week for retesting 0.8332 low. Decisive break there will indicate larger down trend resumption. However, break of 0.8536 resistance will now confirm short term bottoming, and turn bias back to the upside for 0.8747 […]
17/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 139.82; (P) 140.37; (R1) 141.17; More… Intraday bias in USD/JPY is turned neutral first as it recovered just ahead of key 139.26 fibonacci level. Considering bullish convergence condition in 4H MACD, break of 143.03 resistance will indicate short term bottoming and turn bias back to the upside for rebound towards 147.20. However, […]
18/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2721; (P) 1.2741; (R1) 1.2755; More… No change in GBP/USD’s outlook as fall from 1.2892 short term top is in progress. Deeper decline would be seen to 55 D EMA (now at 1.2673). Firm break there will target .2517 structural support. For now, risk will stay mildly on the downside as long […]