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Daily Pivots: (S1) 1.1031; (P) 1.1086; (R1) 1.1116; More… Intraday bias in EUR/USD remain neutral for consolidations below 1.1138 temporary top. Further rally is expected as long as 1.0929 support holds. Break of 1.1138 will resume the rise from 1.0447 to retest 1.1274 high. Strong resistance should be seen from there to limit upside, at […]

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12/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.83; (P) 157.12; (R1) 157.43; More… USD/JPY drops sharply in early US session but stays in range of 154.53/157.70 and intraday bias remains neutral first. On the downside, break of 154.53 will turn bias to the downside for 151.86 support and possibly below, as the third leg of the corrective pattern from […]
02/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8470; (P) 0.8491; (R1) 0.8520; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8399. Further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will target 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. However, considering bullish convergence condition in 4H […]
03/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.77; (P) 163.06; (R1) 163.49; More… Intraday bias in EUR/JPY is turned neutral gain with current recovery. On the downside, below 162.59 will resume the fall from 165.33 to 160.20 structural support next. On the upside, however, break of 164.40 minor resistance will bring retest of 165.33 instead. In the bigger picture, […]