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Daily Pivots: (S1) 196.10; (P) 197.24; (R1) 198.69; More… Intraday bias in GBP/JPY remains neutral for consolidations below 199.79. Further rally is expected as long as 55 D EMA (now at 194.26) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will argue that […]

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14/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0768; (P) 1.0788; (R1) 1.0809; More… EUR/USD is still staying in range below 1.0810 and intraday bias remains neutral at this point. Further rally is in favor as long as 1.0723 minor support holds. On the upside, break of 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, firm […]
09/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0922; (P) 1.0951; (R1) 1.0978; More… Intraday bias in EUR/USD stays neutral for the moment, and outlook is unchanged. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 […]
07/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8666; (P) 0.8720; (R1) 0.8820; More… Intraday bias in USD/CHF stays on the upside at this point. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899 next. For now, near term outlook will stay bullish as long as 0.8614 support holds, in case of retreat. In the […]