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Daily Pivots: (S1) 0.6658; (P) 0.6676; (R1) 0.6702; More… Further decline is expected in AUD/USD as long as 0.6758 resistance holds. Firm break of 0.6621 support should confirm near term bearish reversal after topping at 0.6941. However, break of 0.6758 will suggest that pullback from 0.6941 has completed and turn bias back to the upside. […]

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USD/JPY Mid-Day Outlook

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11/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8754; (P) 0.8788; (R1) 0.8834; More…. USD/CHF’s rebound from 0.8665 short term bottom is still in progress. Intraday bias stays on the upside for 0.8886 support turned resistance first. Decisive break there will indicate that whole fall from 0.9243 has completed, and bring stronger rally to 0.9111 resistance next. On the downside, […]
10/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.59; (P) 151.76; (R1) 151.96; More… USD/JPY’s surges to as high as 151.51 so far, and the break of 151.93 key resistance indicates long term up trend resumption. Intraday bias is back on the upside. Next target is 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03. On the downside, below […]
05/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2729; (P) 1.2784; (R1) 1.2861; More… Range trading continues in GBP/USD and intraday bias stays neutral for the moment. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target 1.2612 support first. Decisive break there should confirm that rise from 1.2298 has completed. However, break of […]