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Daily Pivots: (S1) 160.12; (P) 160.52; (R1) 161.22; More… Intraday bias in EUR/JPY remains neutral as consolidation from 161.84 is extending. While another dip cannot be ruled out, further rally is expected as long as 158.55 resistance turned support holds. Break of 161.84 will resume the rebound from 153.15 to retest 164.29 high. In the […]

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22/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8555; (P) 0.8574; (R1) 0.8597; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8619 resistance holds. On the downside, decisive break of 0.8548 will indicate that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this […]
10/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9011; (P) 0.9038; (R1) 0.9064; More…. Intraday bias in USD/CHF is back on the upside with break of 0.9094 resistance. Current rise is part of the whole rally from 0.8332. Next target is 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8818. For now, near term outlook will stay bullish as […]
24/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8671; (P) 0.8686; (R1) 0.8706; More…. Intraday bias remains neutral in USD/CHF and outlook is unchanged. Focus stays on 38.2% retracement of 0.9243 to 0.8332 at 0.8680, which coincides 55 D EMA (now at 0.8686). Decisive break there will turn near term outlook bullish for 61.8% retracement 0.8995. Nevertheless, break of 0.8565 […]