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Daily Pivots: (S1) 191.15; (P) 192.28; (R1) 193.96; More… Intraday bias in GBP/JPY stays neutral for the moment. Recovery from 188.07 might extend higher. But outlook will stay bearish as long as 55 D EMA (now at 193.97) holds. On the downside, below 190.59 minor support will bring retest of 188.07 first. Break there will […]

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12/12/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8817; (P) 0.8836; (R1) 0.8860; More… Outlook in USD/CHF remains unchanged as corrective fall from 0.8956 should have completed at 0.8735 after hitting 55 D EMA. Intraday bias remains on the upside for retesting 0.8956 high first. Firm break there will resume the whole rise from 0.8374. Next target is 61.8% projection […]
19/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1080; (P) 1.1135; (R1) 1.1172; More…. Intraday bias in EUR/USD stays mildly on the upside at this point. Decisive break of 1.1200 will resume larger rally from 1.0665 to 1.1274 high next. On the downside, however, break of 1.1072 will turn bias back to the downside for 1.1001 support instead. In the […]
22/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9644; (P) 0.9668; (R1) 0.9698; More…. Intraday bias in EUR/CHF stays neutral for the moment. Strong bounce from current level will maintain near term bullishness. Break of 0.9972 will resume the rally from 0.9772. However, firm break of 38.2% retracement of 0.9476 to 0.9772 at 0.9659 will extend the fall from 0.9772 […]