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Daily Pivots: (S1) 0.9050; (P) 0.9071; (R1) 0.9100; More…. Intraday bias in USD/CHF stays on the upside at this point. Current rally is in progress for 0.9243 key resistance next. On the downside, break of 0.9005 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat. In the […]

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06/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.54; (P) 162.99; (R1) 163.38; More… EUR/JPY dips notably today as range trading from 163.70 extends. Intraday bias stays neutral first. On the downside, break of 161.67 minor support will bring deeper decline to 38.2% retracement of 153.15 to 163.70 at 159.66, as corrective pattern from 163.70 resumes. Nevertheless, firm break of […]
26/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8977; (P) 0.8986; (R1) 0.9004; More…. USD/CHF is staying in consolidation below 0.9019 temporary top and intraday bias stays neutral. Another retreat might be seen but downside should be contained by 0.8884 resistance turned support to bring rebound. Break of 0.9019 will resume larger rally from 0.8332. Next target is 100% projection […]
15/02/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.33; (P) 150.61; (R1) 150.86; More… Intraday bias in USD/JPY is turned neutral with current retreat and some consolidations could be seen first. Downside of consolidation should be contained by 148.79 resistance turned support to bring another rally. Above 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. Decisive […]