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Daily Pivots: (S1) 0.9364; (P) 0.9387; (R1) 0.9406; More…. Intraday bias in EUR/CHF stays neutral and further decline is expected with 0.9455 resistance intact. On the downside, break of 0.9351 will resume the fall from 0.9579 to retest 0.9209 low. However, break of 0.9497 will turn bias back to the upside for 0.9579 resistance instead. […]

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USD/JPY Mid-Day Outlook

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02/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s strong rebound and break of 1.0869 resistance suggests that pullback from 1.0947 has completed as a correction a 1.0776. More importantly, rise from 1.0601 is probably still in progress. Intraday bias is back on the upside for retesting 1.0947 first. In the bigger picture, price […]
16/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 171.61; (P) 172.08; (R1) 172.61; More… Intraday bias in EUR/JPY is turned neutral with current recovery. Corrective fall from 175.41 could still extend lower. But downside should be contained by 170.87 and bring rebound. On the upside, above 173.42 will turn bias back to the upside for retesting 175.41. However, firm break […]
13/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8623; (P) 0.8667; (R1) 0.8697; More… Intraday bias in USD/CHF stays neutral first. Outlook remains bearish with 38.2% retracement of 0.9223 to 0.8431 at 0.8734 intact. On the downside, below 0.8631 minor support will bring retest of 0.8431 first. Break there will resume the fall from 0.9223 to 0.8332 low. Nevertheless, firm […]