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Daily Pivots: (S1) 0.9309; (P) 0.9325; (R1) 0.9342; More… Further decline could be seen in EUR/CHF with 0.9363 minor resistance intact. But strong support is still expected above 0.9252 low to bring rebound. On the upside, above 0.9363 minor resistance will turn bias back to the upside. Further break of 0.9471 will resume the rebound […]

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09/03/2024

USD/CHF Weekly Outlook

USD/CHF fell to 0.8728 last week but recovered to close above 0.8741 support. Initial bias remains neutral this week first. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term […]
07/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.38; (P) 162.67; (R1) 163.14; More… Intraday bias in EUR/JPY is back on the downside with break of 161.67 support. Price actions from 163.70 could be a correction to the rally from 153.15, or reversing the whole move. In either case, deeper fall would be seen to 38.2% retracement of 153.15 to […]
04/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.61; (P) 191.49; (R1) 192.66; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. On the upside, above 193.45 will resume the rebound from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35. However, firm break of 188.23 support will argue that rebound from 180.00 has completed, and […]