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Daily Pivots: (S1) 159.31; (P) 159.80; (R1) 160.20; More… Intraday bias in EUR/JPY remains neutral with focus on 160.25 minor resistance. Decisive break there will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. Nevertheless, break of 158.06 will now suggest that the rise from […]

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25/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 158.95; (P) 159.43; (R1) 160.11; More… A temporary top should be formed at 159.92 in USD/JPY and intraday bias is turned neutral first. Further rise will remain in favor as long as 157.70 resistance turned support holds. Sustained break of 106.20 and 100% projection of 151.86 to 157.70 from 154.53 at 160.37 […]
09/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9322; (P) 0.9364; (R1) 0.9389; More…. Further decline is expected in EUR/CHF with 0.9444 resistance intact, despite relatively weak downside momentum as seen in 4H MACD. Rebound form 0.9029 should have completed at 0.9579, ahead of 55 D EMA. Deeper fall should be seen to retest 0.9209 first. Firm break there will […]
21/07/2024

USD/CHF Weekly Outlook

USD/CHF dipped to 0.8819 last week as fall from 0.9223 tried to resumed, but recovered since then. Initial bias remains neutral this week first. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8914 […]