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Daily Pivots: (S1) 0.9258; (P) 0.9293; (R1) 0.9329; More…. Intraday bias in EUR/CHF is turned neutral again with current recovery. But another decline is mildly in favor with 0.9321 resistance intact. Below 0.9254 will bring retest of 0.9204 low. Firm break of 0.9204/9 will indicate larger down trend resumption. Nevertheless, break of 0.9321 resistance will […]

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29/06/2024

EUR/JPY Weekly Outlook

EUR/JPY’s break of 171.58 resistance last week confirmed up trend resumption. Initial bias stays on the upside this week. Next target is 100% projection of 164.01 to 170.87 from 167.52 at 174.38. On the downside, below 171.37 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally. In the bigger […]
26/11/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9281; (P) 0.9313; (R1) 0.9334; More…. With break of 0.9294 minor support, rebound from 0.9204 could have completed after rejection by 55 4H EMA. Intraday bias is back on the downside for retesting 0.9204/9 support zone. Decisive break there will indicate larger down trend resumption. For now, outlook will stay bearish as […]
06/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.18; (P) 197.53; (R1) 198.07; More… GBP/JPY is extending consolidation from 199.79 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at 194.61) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will argue […]