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Daily Pivots: (S1) 191.80; (P) 192.19; (R1) 192.81; More….. Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Consolidation from 193.51 is extending but further rally is expected as long as 190.02 support holds. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, […]

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10/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8965; (P) 0.8978; (R1) 0.8991; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to 0.8825 support. Nevertheless, break of 0.9049 will revive near term bullishness and […]
17/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0666; (P) 1.0705; (R1) 1.0743; More…. Intraday bias in EUR/USD remains on downside at this point. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Deeper decline would be seen to 1.0601 low first. Firm break there will target channel support at 1.0510 next. On the upside, above […]
06/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… USD/JPY recovered after diving to 141.67 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 150.88 resistance to bring another fall. Break of 141.67 will resume the decline from 161.94 to 140.25 support next. In the bigger […]