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Daily Pivots: (S1) 190.78; (P) 191.02; (R1) 191.25; More….. GBP/JPY is gyrating in tight range around 55 4H EMA and intraday bias remains neutral. More consolidations could be seen. But outlook will stay bullish as long as 187.94 support holds. On the upside, break of 193.51 will resume larger up trend towards 195.86 long term […]

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16/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8441; (P) 0.8494; (R1) 0.8544; More… Range trading continues in USD/CHF and intraday bias stays neutral at this point. Further decline is expected with 0.8548 resistance intact. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. […]
24/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3676; (P) 1.3710; (R1) 1.3763; More… USD/CAD’s rebound from 1.3589 extended higher today. The development indicates that correction from 1.3845 has completed with three waves down to 1.3589. Intraday bias is back on the upside for 1.3761 resistance first. Break there will bring retest of 1.3845 high. On the downside, below 1.3655 […]
26/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8977; (P) 0.8986; (R1) 0.9004; More…. USD/CHF’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 0.8332 should target 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. Firm break there will target 0.9243 key medium term resistance next. On the downside, below […]