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Daily Pivots: (S1) 0.9063; (P) 0.9100; (R1) 0.9161; More… Intraday bias in USD/CHF remains on the upside as rally from 0.8374 is in progress. Next target is 0.9223 key resistance. Strong resistance is expected there to limit upside, at least on first attempt. On the downside, below 0.9038 minor support will turn intraday bias neutral […]

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GBP/JPY Daily Outlook

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13/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8897; (P) 0.8940; (R1) 0.8988; More…. No change in USD/CHF’s outlook as range trading continues. Intraday bias remains neutral. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue that correction from […]
22/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of r 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high, will confirm larger up trend resumption for 100% projection at 1.3409. On the downside, below […]
21/09/2024

EUR/JPY Weekly Outlook

EUR/JPY’s strong rebound last week suggests that fall from 163.86 has completed at 155.14 already. Rise from there is seen as the third leg of the corrective pattern from 154.40. Initial bias stays on the upside this week for 163.86 resistance first. Break there will target 61.8% retracement of 175.41 to 154.40 at 167.38. On […]