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EUR/GBP’s closed below 0.8382 support last week indicates larger down trend resumption. Initial bias stays on the downside this week for 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324. For now, outlook will remain bearish as long as 0.8463 resistance holds, in case of recovery. In the bigger picture, down trend from 0.9267 […]

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26/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9104; (P) 0.9137; (R1) 0.9155; More…. Intraday bias in USD/CHF is turned neutral again after it retreated after breaching 0.9151 resistance briefly. On the upside, firm break of 0.9151 will resume the rally from 0.8332 and should target 0.9243 key resistance next. On the downside, break of 0.9085 will turn bias to […]
08/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.04; (P) 151.40; (R1) 151.98; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias remains neutral at this point. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.65). On the upside, however, sustained break […]
25/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8646; (P) 0.8662; (R1) 0.8674; More… Intraday bias in USD/CHF remains neutral for consolidation below 0.8685 temporary low. Further rally is still in favor as long as 0.8629 minor support holds. Sustained break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from 0.9223 has completed at 0.8374, […]