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Daily Pivots: (S1) 199.22; (P) 199.64; (R1) 200.33; More… GBP/JPY is staying in range below 200.72 and intraday bias stays neutral. On the downside, break of 197.28 will strengthen the case that rise from 191.34 has completed. Intraday bias will be back on the downside for 195.02 support first. However, decisive break of 200.72 will […]

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09/12/2023

EUR/CHF Weekly Outlook

EUR/CHF fell further to 0.9402 last week but recovered after breaching 0.9407 support briefly. Initial bias remains neutral this week for some consolidations first. But further fall is expected as long as 0.9543 resistance holds. Decisive break of 0.9407 will resume larger down trend. In the bigger picture, medium term outlook remains bearish as long […]
15/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9319; (P) 0.9342; (R1) 0.9359; More… No change in EUR/CHF’s outlook as consolidation from 0.9252 is extending. Intraday bias remains neutral and outlook stays bearish with 0.9402 support turned resistance intact. On the downside, break of 0.9252 will resume larger down trend to 100% projection of 0.9995 to 0.9416 from 0.9683 at […]
07/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.03; (P) 169.66; (R1) 170.09; More…. Intraday bias in EUR/JPY stays neutral and outlook is unchanged. Current development suggests that rebound from 164.31 has completed at 170.81. Risk will stay on the downside as long as 170.87 resistance holds. Below 168.01 will target 167.31 support first. Break there will target 164.01 support […]