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Daily Pivots: (S1) 0.8878; (P) 0.8890; (R1) 0.8909; More… Intraday bias in USD/CHF remains neutral first as range trading continues above 0.8819. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8914 will turn […]

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USD/JPY Mid-Day Outlook

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03/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8995 (P) 0.9032; (R1) 0.9061; More…. No change in USD/CHF’s outlook and intraday bias stays on the downside for 0.8987 support. Firm break there will resume whole fall from 0.9223 and target 100% projection of 0.9223 to 0.8987 from 0.9157 at 0.8921. On the upside, above 0.9065 minor resistance will turn intraday […]
12/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8754; (P) 0.8775; (R1) 0.8794; More…. Intraday bias in USD/CHF remains neutral at this point, and outlook is unchanged. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain […]
02/12/2023

EUR/GBP Weekly Outlook

EUR/GBP’s fall from 0.8764 accelerated to as low as 0.8557 last week. The development suggests that rebound from 0.8491 has completed as a corrective move at 0.8764. Initial bias stays on the downside this week for retesting 0.8491 low first. Firm break there will resume larger down trend. On the upside, touching 0.8634 minor resistance […]