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Daily Pivots: (S1) 0.9296; (P) 0.9325; (R1) 0.9344; More…. Intraday bias in EUR/CHF remains on the downside for the moment. Corrective rebound from 0.9204 could have completed with three waves up to 0.9417. Deeper fall would be seen to 0.9254 support first. Firm break there will bring deeper fall to 0.9209 key support again. On […]

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15/02/2024

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 188.87; (P) 189.48; (R1) 190.50; More… Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations could be seen first. Downside should be contained well above 185.21 support to bring another rise. Break of 190.05 will resume larger up trend to 61.8% projection of 178.71 to 188.90 from 185.21 […]
04/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.12; (P) 152.61; (R1) 153.42; More… Range trading continues in USD/JPYO and intraday bias stays neutral. Another rise is expected with 151.44 support intact. Sustained trading above of 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. However, considering bearish divergence condition in 4H MACD, […]
02/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8363; (P) 0.8409; (R1) 0.8462; More…. USD/CHF is staying in consolidation from 0.8332 and intraday bias remains neutral at this point. Stronger recovery cannot be ruled out, but outlook will stay bearish as long as 0.8665 support turned resistance holds. Break of 0.8332 will resume larger fall from 0.9243 to 138.2% projection […]