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Daily Pivots: (S1) 0.8413; (P) 0.8452; (R1) 0.8472; More… No change in USD/CHF’s outlook as range trading continues. Intraday bias stays neutral for the moment. 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, break of 0.8548 resistance […]

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GBP/USD Daily Outlook

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15/08/2024

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 188.05; (P) 188.74; (R1) 189.62; More… GBP/JPY’s break of 38.2% retracement of 208.09 to 180.00 at 190.73 argues that the decline from 208.09 has completed at 180.00 already. Rise from there is now seen as the second leg of the corrective pattern from 208.09. Intraday bias is on the upside for 61.8% […]
17/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.42; (P) 168.61; (R1) 169.69; More… Intraday bias in EUR/JPY remains mildly on the downside for the moment. Sustained trading below 55 D EMA (now at 167.43) will extend the fall from 170.87, as the third leg of the pattern from 151.58, to 164.01 support next. For now, risk will stay on […]
10/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.14; (P) 169.79; (R1) 170.52; More… Intraday bias in EUR/JPY remains neutral first. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed at 170.78 already. Intraday bias will be back on the downside for 167.31 support, and then 164.01. Nevertheless, break of 170.87 will […]