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Daily Pivots: (S1) 161.14; (P) 161.37; (R1) 161.77; More… Intraday bias in EUR/JPY is turned neutral first as it retreated ahead of 161.84 resistance On the upside, firm break of 161.84 will confirm resumption of whole rise from 153.15. Next target is a retest on 164.29 high. On the downside, however, below 160.36 will extend […]

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11/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9051; (P) 0.9100; (R1) 0.9177; More…. As long as 0.8996 support holds, further rally is expected in USD/CHF. 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. However, break of 0.8996 will indicate short term topping, and turn […]
16/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0934; (P) 1.0951; (R1) 1.0968; More… EUR/USD’s fall from 1.1138 short term top is trying to resume be breaching 1.0876. Intraday bias is back on the downside for 1.0722 support. Sustained break there will argue that whole rise from 1.0447 has completed, and target this low. For now, risk will stay on […]
04/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0788; (P) 1.0812; (R1) 1.0861; More… Intraday bias in EUR/USD remains on the upside at this point. Rise from 1.0723 is seen as the third leg of the corrective pattern from 1.0694. Further rally would be seen to 1.0941/0980 resistance zone. On the downside, though, below 55 4H EMA (now at 1.0807) […]