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Daily Pivots: (S1) 0.8446; (P) 0.8480; (R1) 0.8512; More… No change in USD/CHF’s outlook as range trading continues. Intraday bias remains neutral at this point. On the downside, 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, considering bullish convergence condition […]

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EUR/JPY Daily Outlook

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GBP/USD Mid-Day Outlook

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15/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8587; (P) 0.8611; (R1) 0.8634; More…. While EUR/GBP’s recovery from 0.8548 extended, it’s capped below 0.8648 support turned resistance. Intraday bias stays neutral and outlook further decline is expected. On the downside, break of 0.8548 will resume the fall from 0.8764 to 0.8491 support next. Firm break there will resume larger down […]
27/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.20; (P) 147.55; (R1) 148.02; More… Intraday bias in USD/JPY stays neutral, as consolidation from 148.79 is extending. 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 for […]
17/06/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6590; (P) 0.6617; (R1) 0.6643; More… No change in AUD/USD’s outlook and intraday bias stays neutral. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, […]