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Daily Pivots: (S1) 0.8913; (P) 0.8931; (R1) 0.8964; More… USD/CHF’s break of 0.8956 resistance indicates resumption of rally from 0.8374. Intraday bias is back on the upside for 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. On the downside, below 0.8897 minor support will turn intraday bias neutral first. But near term outlook […]

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06/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8721; (P) 0.8743; (R1) 0.8773; More…. Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume the decline from 0.9243 to 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is […]
08/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.94; (P) 194.28; (R1) 195.23; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. On the downside, break of 189.54 will turn bias back to the downside for 183.70 […]
30/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 166.11; (P) 166.81; (R1) 167.39; More… Intraday bias in EUR/JPY remains neutral as consolidation continues above 164.81. Further decline is expected as long as 55 4H EMA (now at 168.63) holds. On the downside, decisive break of 164.29 support turned resistance will indicate that larger scale correction is underway for 155.91 fibonacci […]