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Daily Pivots: (S1) 166.47; (P) 166.91; (R1) 167.63; More… Intraday bias in EUR/JPY remains mildly on the upside at this point. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58. Further rise would be seen to 168.64 resistance. On the downside, below 165.63 minor support will turn intraday bias […]

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16/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8526; (P) 0.8547; (R1) 0.8579; More…. While USD/CHF’s rebound could extend higher, overall outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8487 minor support will bring retest of 0.8332 low first. However, decisive break of 0.8665 will rise the change of larger trend […]
07/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.03; (P) 169.66; (R1) 170.09; More…. Intraday bias in EUR/JPY stays neutral and outlook is unchanged. Current development suggests that rebound from 164.31 has completed at 170.81. Risk will stay on the downside as long as 170.87 resistance holds. Below 168.01 will target 167.31 support first. Break there will target 164.01 support […]
29/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8401; (P) 0.8431; (R1) 0.8452; More….. Intraday bias in USD/CHF is turned neutral with current recovery and some consolidations could be seen. But outlook will remain bearish as long as 0.8747 resistance holds. Break of 0.8339 will resume the decline from 0.9223 and target 61.8% projection of 0.9049 to 0.8431 from 0.8747 […]