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Daily Pivots: (S1) 147.78; (P) 148.05; (R1) 148.44; More… USD/JPY’s rally resumed after brief retreat and intraday bias is back on the upside. Current rise from 140.25 should target a retest on 151.89/93 key resistance zone. On the downside, below 147.64 minor support will turn intraday bias neutral again and bring consolidations, before staging another […]

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18/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2638; (P) 1.2715; (R1) 1.2760; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is extending. While deeper retreat cannot be ruled out, outlook will stay cautiously bullish as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is […]
30/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8831; (P) 0.8851; (R1) 0.8882; More… USD/CHF is staying in consolidation above 0.8776 and intraday bias remains neutral. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break […]
31/08/2024

EUR/USD Weekly Outlook

EUR/USD’s pull back from 1.1200 extend lower last week. Initial bias stays neutral this week with risk of deeper decline. But still, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1139 minor resistance will bring retest of 1.1200 first. Break there will target 1.1274 high next. […]