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Daily Pivots: (S1) 0.8883; (P) 0.8908; (R1) 0.8921; More…. Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, […]

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GBP/JPY Daily Outlook

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31/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.80; (P) 153.33; (R1) 153.92; More… USD/JPY is extending consolidation below 153.87 temporary low and intraday bias stays neutral. Deeper retreat cannot be ruled out but further rally is expected as long as 55 D EMA (now at 148.84) holds. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will […]
18/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9353; (P) 0.9381; (R1) 0.9409; More…. EUR/CHF is still bounced in converging range and intraday bias remains neutral. On the upside, break of 0.9506 resistance should resume whole rebound from 0.9209 through 0.9579 resistance. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. In the bigger […]
12/10/2024

USD/CHF Weekly Outlook

USD/CHF turned sideway after edging higher to 0.8611 last week. Initial bias stays neutral this week first and further rally is expected as long as 0.8529 minor support holds. Above 0.8611 will resume the rebound from 0.8374 short term bottom to 38.2% retracement of 0.9223 to 0.8374 at 0.8698. However, firm break of 0.8529 will […]