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Daily Pivots: (S1) 0.8495; (P) 0.8523; (R1) 0.8539; More… Intraday bias in USD/CHF remains neutral for the moment. As long as 0.8548 resistance holds, further decline is expected. On the downside, firm break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, […]

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14/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 154.70; (P) 156.09; (R1) 156.79; More.. EUR/JPY’s break of 155.98 minor support suggests that recovery from 153.15 has completed at 157.67 already. Intraday bias is back on the downside for retesting 153.15 first. Firm break there will resume whole fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69. For […]
29/11/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0950; (P) 1.0980; (R1) 1.1024; More… EUR/USD’s rally resumed by breaking through 1.0964 and intraday bias is back on the upside. Current rise from 1.0447 should now target 1.1274 resistance next. But strong resistance should be seen there to limit upside. On the downside, below 1.0933 minor support will turn intraday bias […]
14/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2534; (P) 1.2585; (R1) 1.2669; More… Intraday bias in GBP/USD remains on the upside at this point. Sustained break of 1.2731 will confirm resumption of whole rally from 1.2036. Next target is 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. On the downside, below 1.2651 minor support will turn intraday […]