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Daily Pivots: (S1) 1.0628; (P) 1.0783; (R1) 1.0885; More… Intraday bias in EUR/USD Is turned neutral first with current recovery. Some consolidation would be seen but further decline is expected as long as 1.0936 resistance holds. ON the downside, sustained break of 61.8% projection of 1.1213 to 1.0760 from 1.0936 at 1.0656 will pave the […]

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16/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.99; (P) 168.70; (R1) 169.30; More… Intraday bias in EUR/JPY is turned neutral with current retreat. On the downside, break of 166.73 support will argue that corrective pattern from 171.58 has started the third leg. Deeper fall would then be seen back to 164.01 support and below. For now, risk will stay […]
07/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.21; (P) 144.79; (R1) 145.95; More… USD/JPY is staying below 150.88 resistance despite current rebound. Intraday bias remains neutral and further decline is expected. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall from 161.94 to 140.25 support next. In the bigger […]
04/11/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9391; (P) 0.9419; (R1) 0.9450; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the downside, break of 0.9331 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. In the bigger […]