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USD/JPY fell sharply to as low as 146.47 last week and there is no sign of bottoming yet. Initial bias remains on the downside this week. 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 […]

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GBP/JPY Daily Outlook

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05/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8446; (P) 0.8482; (R1) 0.8502; More… USD/CHF is still holding in range above 0.8399 despite today’s decline. Intraday bias stays neutral for the moment. With 0.8540 resistance intact, further decline is expected. On the downside, break of 0.8339 will resume the fall from 0.9223 and target 0.8332 low. However, considering bullish convergence […]
23/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8470; (P) 0.8496; (R1) 0.8515; More…. Intraday bias in EUR/GBP remains on the downside as fall from 0.8624 is in progress. Firm break of 61.8% retracement of 0.8382 to 0.8624 at 0.8474. will argue that recent down trend is ready to resume through 0.8382 low. For now, risk will stay on the […]
22/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9475; (P) 0.9500; (R1) 0.9523; More…. EUR/CHF is staying in consolidation below 0.9579 and intraday bias remains neutral for the moment. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9581) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break […]