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Daily Pivots: (S1) 164.13; (P) 164.54; (R1) 165.06; More… Intraday bias in EUR/JPY is turned neutral with current recovery. On the upside, firm break of 55 4H EMA (now at 166.08) will bring stronger rebound towards 168.64 resistance. On the downside, break of 164.01, and sustained trading below 55 D EMA (now at 163.97) will […]

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EUR/USD Mid-Day Outlook

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19/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8838; (P) 0.8863; (R1) 0.8903; More…. Intraday bias in USD/CHF remains on the upside with focus on 0.8891 resistance. Decisive break there will confirm resumption of rally from 0.8332. Next target is 61.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8934. On the downside, below 0.8818 minor support will turn intraday […]
12/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8440; (P) 0.8456; (R1) 0.8472; More… Intraday bias in EUR/GBP remains on the downside. Current down trend should target 0.8376 projection level next. On the upside, above 0.8446 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, down trend from 0.9267 (2022 […]
07/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.97; (P) 147.23; (R1) 147.57; More… USD/JPY’s decline accelerates to as low as 144.53 so far and there is no sign of bottoming yet. Intraday bias remains on the downside. Sustained trading below 145.06 will carry larger bearish implication and target 142.45 fibonacci level next. On the upside, break of 146.22 minor […]