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Daily Pivots: (S1) 0.8838; (P) 0.8863; (R1) 0.8903; More…. Intraday bias in USD/CHF remains on the upside with focus on 0.8891 resistance. Decisive break there will confirm resumption of rally from 0.8332. Next target is 61.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8934. On the downside, below 0.8818 minor support will turn intraday […]

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GBP/JPY Daily Outlook

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19/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.51; (P) 187.28; (R1) 188.74; More… GBP/JPY’s break of 188.08 minor resistance suggest that fall from 193.45 has completed at 183.70 already. Rise from there is seen as the third leg of the corrective pattern from 180.00. Intraday bias is back on the upside for 193.45 and possibly further to 61.8% retracement […]
09/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.76; (P) 155.22; (R1) 155.96; More… Intraday bias in USD/JPY stays on the upside for the moment. 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 bias […]
29/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0843; (P) 1.0855; (R1) 1.0869; More….. EUR/USD’s fall from 1.0947 resumed by breaking 1.0825 temporary low and intraday bias is back on the downside. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should then […]