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Daily Pivots: (S1) 1.0929; (P) 1.0958; (R1) 1.0980; More… No change in EUR/USD’s outlook as it’s staying in very tight range. Intraday bias stays neutral at this point. Further fall is in favor as long as 1.0997 minor resistance intact. Break of 1.0876 will resume the fall from 1.1138 to 1.0722 support next. Nevertheless, firm […]

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USD/JPY Daily Outlook

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16/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8666; (P) 0.8707; (R1) 0.8768; More…. Intraday bias in USD/CHF is turned neutral first as it retreated after hitting 0.8747. On the upside, sustained break of 38.2% retracement of 0.9223 to 0.8431 at 0.8734 will extend the rebound from 0.8431 to 61.8% retracement at 0.8920, even as a corrective move. On the […]
30/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.25; (P) 153.80; (R1) 154.58; More… USD/JPY’s recovery from 151.93 extended higher today but stays below 155.36 support turned resistance. Intraday bias remains neutral and further decline is in favor. On the downside, decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. […]
02/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1020; (P) 1.1052; (R1) 1.1070; More… EUR/USD’s retreat from 1.1138 extends lower today but stays well above 1.0929 support. Intraday bias remains neutral for the moment. 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 […]