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Daily Pivots: (S1) 0.8835; (P) 0.8845; (R1) 0.8856; More…. Intraday bias in USD/CHF is turned neutral first with current recovery. Some consolidations would be seen but outlook will stay bearish as long as 0.8992 resistance holds. On the downside, break of 0.8825 will resume the fall from 0.9223. Next target is 61.8% retracement of 0.8332 […]

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09/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.59; (P) 194.05; (R1) 194.83; More.. Intraday bias in GBP/JPY is mildly on the upside with break of 55 4H EMA. Pull back from 200.53 should have completed at 191.34. Rebound from there is seen as the second leg of the corrective pattern. Further rise would be seen back to 197.40 resistance. […]
12/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0829; (P) 1.0864; (R1) 1.0904; More…. Intraday bias in EUR/USD remains on the upside for retesting 1.0915 resistance. Decisive break there will resume whole rally from 1.0601 and target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0919 next. For now, risk will stay on the upside as long as 1.0805 […]
22/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 157.02; (P) 157.38; (R1) 157.78; More… USD/JPY is staying in range above 155.36 temporary low and intraday bias remains neutral. Further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the upside, above 158.85 resistance will turn bias back to the […]