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Daily Pivots: (S1) 0.9274; (P) 0.9296; (R1) 0.9309; More… EUR/CHF is still bounded in consolidation above 0.9252 and intraday bias remains neutral for the moment. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend […]

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09/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.76; (P) 155.22; (R1) 155.96; More… Intraday bias in USD/JPY remains mildly on the upside as this point. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the downside, below 154.23 minor support will turn intraday […]
18/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… Intraday bias in USD/JPY stays on the downside for the moment. Current decline is seen as correcting whole rally from 140.25. Deeper fall should be seen to 38.2% retracement of 140.25 to 161.94 at 163.65. On the upside, above 158.85 resistance will turn bias back to […]
16/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.09; (P) 145.52; (R1) 146.19; More… USD/JPY’s rally from 140.25 resumed by breaking 146.40 and intraday bias is back on the upside. Strong resistance should be seen from 61.8% retracement of 151.89 to 140.25 at 147.4 to limit upside. On the downside, break of 144.34 will turn bias back to the downside […]