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Daily Pivots: (S1) 0.8937; (P) 0.8955; (R1) 0.8975; More… Intraday bias in USD/CHF remains neutral and further decline is expected with 0.9000 resistance intact. Below 0.8914 will target 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break of 0.9000 will turn bias back to the upside […]

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EUR/USD Daily Outlook

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USD/JPY Mid-Day Outlook

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07/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8500; (P) 0.8512; (R1) 0.8526; More…. Sideway trading continues in EUR/GBP and intraday bias stays neutral. Further decline is expected as long as 55 D EMA (now at 0.8546) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will […]
01/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… USD/JPY’s fall from 161.94 is still in progress and hit 148.66 fibonacci level already. Strong support could be seen from the current level, which is close to medium term channel support (now at 148.22) to bring rebound. However, break of 155.21 resistance is needed to confirm […]
28/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8456; (P) 0.8466; (R1) 0.8478; More… No change in EUR/GBP’s outlook and intraday bias remains neutral. Further decline is expected with 0.8482 support turned resistance intact. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break there will resume larger down trend to 0.8376 projection level […]