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Daily Pivots: (S1) 162.52; (P) 163.21; (R1) 164.47; More… Intraday bias in EUR/JPY remains on the upside for the moment. Fall from 175.41 should have completed at 154.40 already. Rise from there is seen as the second leg of the corrective pattern from 175.41. Further rally is expected to 61.8% retracement of 175.41 to 154.40 […]

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USD/JPY Daily Outlook

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20/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.58; (P) 150.27; (R1) 151.55; More… Intraday bias in USD/JPY remains on the upside at for 151.93 key resistance. Decisive break there will confirm long term up trend resumption. Next near term target will be 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03. On the downside, below 150.76 minor support […]
16/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9001; (P) 0.9036; (R1) 0.9057; More…. USD/CHF’s fall from 0.9223 resumed by breaking 0.9005 and intraday bias is back on the downside. Deeper decline should be seen to 38.2% retracement of 0.8332 to 0.9223 at 0.8883 next. For now, risk will stay on the downside as long as 0.9101 resistance holds, in […]
13/04/2024

USD/CHF Weekly Outlook

USD/CHF’s up trend from 0.8332 resumed last week but turn sideway again after hitting 0.9146. Initial bias remains neutral this week first. Further rally is expected as long as 0.8996 support holds. Above 0.9146 will target 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.9268. In the bigger picture, price actions from 0.8332 medium […]