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Daily Pivots: (S1) 1.3674; (P) 1.3697; (R1) 1.3713; More… No change in USD/CAD’s outlook as range trading continues below 1.3790. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest on 1.3845 first. Nevertheless, break of 1.3662 will turn bias […]

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USD/JPY Daily Outlook

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USD/JPY Mid-Day Outlook

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21/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9656; (P) 0.9672; (R1) 0.9703; More.. Intraday bias in EUR/CHF stays on the upside with focus on 0.9683 resistance. Sustained break there will carry larger bullish implication and target 0.9773 fibonacci resistance. On the downside, though, break of 0.9618 support will indicate short term topping. In this case, intraday bias will be […]
20/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.17; (P) 146.62; (R1) 148.04; More… As noted before, USD/JPY’s rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays mildly on the downside for retesting 141.67 low. Firm break there will resume the whole fall from 161.94 to 139.26 […]
25/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… USD/JPY’s fall from 161.94 continues today and there is no sign of bottoming. Intraday bias remains on the downside for 151.89 resistance turned support. Decisive break there will argue that large scale correction is underway to 148.66 fibonacci level. On the upside, above 154.09 minor resistance […]