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Daily Pivots: (S1) 0.9007; (P) 0.9018; (R1) 0.9029; More…. USD/CHF is staying below 0.9070 resistance despite current recovery. Intraday bias remains neutral first. Nevertheless, further rally is expected as long as 0.8964 support holds. Firm break of 0.9070 will resume larger rise from 0.8332 towards 0.9243 key resistance next. In the bigger picture, price actions […]

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EUR/CHF Daily Outlook

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GBP/JPY Daily Outlook

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11/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.22; (P) 199.64; (R1) 200.33; More… GBP/JPY is staying in range below 200.72 and intraday bias stays neutral. On the downside, break of 197.28 will strengthen the case that rise from 191.34 has completed. Intraday bias will be back on the downside for 195.02 support first. However, decisive break of 200.72 will […]
25/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9372; (P) 0.9410; (R1) 0.9430; More… EUR/CHF’s break of 0.9404 minor support suggests rejection by 55 D EMA (now at 0.9447). Intraday bias is back on the downside for deeper pull back. But downside should be contained above 0.9252 low to bring rebound. On the upside, above 0.9471 will resume the rebound […]
13/01/2024

EUR/USD Weekly Outlook

EUR/USD turned into range trading above 1.0876 last week. Initial bias stays neutral this week first, but further fall is in favor as long as 1.0997 minor resistance intact. Break of 1.0876 will resume the fall from 1.1138 to 1.0722 support next. Nevertheless, firm break of 1.0997 will turn bias back to the upside for […]