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Daily Pivots: (S1) 152.93; (P) 153.44; (R1) 154.25; More… USD/JPY is staying in range below 154.70 and intraday bias remains neutral. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, break of 151.27 will indicate […]

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24/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8891; (P) 0.8908; (R1) 0.8930; More… USD/CHF’s sharp decline suggests that recovery from 0.8819 has completed at 0.8923, after rejection by 55 4H EMA. Intraday bias is back on the downside for 0.8819. Firm break there will resume whole fall from 0.9223. Next target is 61.8% retracement of 0.8332 to 0.9223 at […]
17/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.18; (P) 154.48; (R1) 155.04; More… Intraday bias in USD/JPY stays on the upside at this point. Current up trend should target 155.20 fibonacci projection level next. On the downside, below 153.89 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. In the bigger picture, current […]
22/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8546; (P) 0.8564; (R1) 0.8599; More… Immediate focus is now on 0.8577 resistance in EUR/GBP with current rebound. Decisive break there will argue that fall from 0.8764 has completed and turn bias back to the upside for stronger rebound. On the downside, decisive break of 0.8491/7 support zone will resume larger down […]