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Daily Pivots: (S1) 0.8633; (P) 0.8667; (R1) 0.8686; More… Intraday bias in USD/CHF is turned neutral with breach of 0.8649 minor support. A temporary top is formed at 0.8699 after touching 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Some consolidations would be seen first, but further rally remains in favor as long as 55 […]

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GBP/JPY Daily Outlook

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04/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.68; (P) 145.94; (R1) 146.73; More… Range trading continues in USD/JPY in 143.43/147.20 and intraday bias remains neutral. Further rally will remain in favor as long as 143.43 support holds. Above 147.20 will target 149.35 resistance first. Firm break there will resume the rebound from 141.67 to 100% projection of 141.67 to […]
08/12/2024

USD/CHF Weekly Outlook

USD/CHF’s pullback from 0.8956 extended lower last week but recovered after touching 55 D EMA (now at 0.8738). Initial bias is turned neutral this week first. Strong rebound from current level will retain near term bullishness. Break of 0.8796 minor resistance will bring retest of 0.8956 high first. However, considering head and shoulder top pattern, […]
11/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8542; (P) 0.8578; (R1) 0.8597; More… Intraday bias in USD/CHF is turned neutral first with current retreat. On the upside, above 0.8611 will resume the rebound from 0.8374 to 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. […]