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Daily Pivots: (S1) 147.71; (P) 148.04; (R1) 148.63; More… USD/JPY’s break of 148.29 minor resistance argues that fall from 150.87 is merely a correction, and has completed at 146.47. Intraday bias is back on the upside for retesting 150.87. Nevertheless, on the downside, break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue […]

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EUR/USD Mid-Day Outlook

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22/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.51; (P) 164.27; (R1) 165.52; More… Intraday bias in EUR/JPY stays neutral for the moment. Consolidation from 165.33 could extend further. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.59 will argue that it’s at least correcting the rise […]
02/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8363; (P) 0.8409; (R1) 0.8462; More…. USD/CHF is staying in consolidation from 0.8332 and intraday bias remains neutral at this point. Stronger recovery cannot be ruled out, but outlook will stay bearish as long as 0.8665 support turned resistance holds. Break of 0.8332 will resume larger fall from 0.9243 to 138.2% projection […]
14/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8630; (P) 0.8655; (R1) 0.8673; More…. Breach of 0.8631 minor support argues that USD/CHF’s rebound from 0.8431 might have completed at 0.8701 already. Intraday bias is mildly on the downside for retesting 0.8431 low. On the upside, however, firm break of 38.2% retracement of 0.9223 to 0.8431 at 0.8734 will bring stronger […]