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Daily Pivots: (S1) 0.8867; (P) 0.8884; (R1) 0.8908; More… USD/CHF is staying in range above 0.8819 and intraday bias remains neutral. 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 bias […]

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21/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 158.25; (P) 158.59; (R1) 159.28; More… Intraday bias in USD/JPY remains on the upside for the moment. Rise from 151.86 is in progress for 160.20 high, or possibly to 100% projection of 151.86 to 157.70 from 154.53 at 160.37. But upside should be limited there, at least on first attempt. On the […]
17/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8876; (P) 0.8921; (R1) 0.8946; More…. Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, […]
05/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0795; (P) 1.0845; (R1) 1.0886; More… EUR/USD’s fall from 1.1016 is still in progress and intraday bias remains on the downside. Next target is 55 D EMA (now at 1.0770. Sustained break there will target 1.0447 support next. On the upside, above 1.0912 minor resistance will turn intraday bias neutral again first. […]