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Daily Pivots: (S1) 0.8531; (P) 0.8555; (R1) 0.8569; More… Immediate focus is now on 0.8529 support in EUR/GBP with current decline. Decisive break there argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break of 0.8601 will […]

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08/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 155.01; More… USD/JPY’s break of 55 4H EMA (now at 154.81) argues that pull back from 160.20 has completed at 151.86 already. Rebound from there is seen as the second leg of the corrective pattern. Intraday bias is back on the upside for 157.98 resistance. On the downside, […]
06/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8817; (P) 0.8843; (R1) 0.8860; More…. USD/CHF is still bounded in range below 0.8891 and intraday bias stays neutral. Further rally remains in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias […]
08/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 183.47; (P) 185.78; (R1) 188.55; More… Intraday bias in GBP/JPY remains neutral for the moment. Outlook stays bearish as long as 190.48 resistance holds. On the downside, below 183.10 minor support will bring retest of 180.00 first. Break there will resume the fall from 208.09 to 178.32 support next. Nevertheless, firm break […]