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Daily Pivots: (S1) 148.34; (P) 148.75; (R1) 149.47; More… USD/JPY’s rebound from 146.47 is still in progress and intraday bias stays on the upside. Corrective fall from 150.87 should have completed at 146.47, after drawing support from 38.2% retracement of 140.25 to 150.87 at 146.81. Further rally should be seen to 150.87/89 key resistance zone. […]

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09/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9751; (P) 0.9762; (R1) 0.9772; More… EUR/CHF is staying in consolidation above 0.9728 temporary low and intraday bias remains neutral. Outlook is unchanged that fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as 0.9835 resistance holds. Below 0.9278 will […]
03/08/2024

USD/JPY Weekly Outlook

USD/JPY’s fall from 161.94 accelerated lower last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 140.25 support next. On the upside, above 150.88 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall. In the bigger picture, the strong break […]
27/07/2024

GBP/USD Weekly Outlook

GBP/USD gyrated lower last week but failed to break through 1.2859 resistance turned support decisively. Initial bias remains neutral first. Further rally is in favor. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D EMA (now at 1.2771). […]