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Daily Pivots: (S1) 0.9030; (P) 0.9058; (R1) 0.9087; More… USD/CHF’s fall from 0.9200 accelerated lower today and the firm break of 0.9007 support argue that rise from 0.8374 has completed just ahead of 0.9223 key resistance. Intraday bias is back on the downside. Sustained break of 55 D EMA (now at 0.8959) will target 38.2% […]

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15/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0704; (P) 1.0719; (R1) 1.0744; More… Intraday bias in EUR/USD is turned neutral with current recovery, and some consolidations could be seen first. Outlook will remain bearish as long as 1.0804 resistance holds. Below 1.0694 will resume the fall from 1.1138 to retest 1.0447 support. Nevertheless, considering bullish convergence condition in 4H […]
09/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.59; (P) 194.05; (R1) 194.83; More.. Intraday bias in GBP/JPY is mildly on the upside with break of 55 4H EMA. Pull back from 200.53 should have completed at 191.34. Rebound from there is seen as the second leg of the corrective pattern. Further rise would be seen back to 197.40 resistance. […]
11/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.33; (P) 147.23; (R1) 147.96; More… Intraday bias in USD/JPY remains on the downside and outlook is unchanged. Sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper decline would be seen to 61.8% […]