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Daily Pivots: (S1) 0.9101; (P) 0.9126; (R1) 0.9141; More…. Intraday bias in USD/CHF remains neutral and more consolidations could be seen. But further rally is expected as long as 0.8996 support holds. Firm break of 0.9151 will target 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.9268. In the bigger picture, price actions from […]

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17/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2664; (R1) 1.2709; More… GBP/USD recovered quickly after brief breach of 1.2611 support and intraday bias remains neutral. On the downside, firm break of 1.2611 will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will […]
02/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.13; (P) 145.69; (R1) 146.72; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, firm break of 146.47 resistance will argue that pull back from 149.35 has completed, and rebound from 141.67 is going to resume. Intraday bias will be back on the upside for 149.35 first and […]
10/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 174.06; (P) 174.33; (R1) 174.70; More… Intraday bias in EUR/JPY is back on the upside as recent up trend is trying to resistance. Sustained trading above 174.50 will target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the downside, however, break of 173.50 minor support will turn bias to […]