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Daily Pivots: (S1) 0.8599; (P) 0.8625; (R1) 0.8654; More…. Intraday bias in USD/CHF stays on the downside for 0.8551 support. Strong support could be seen there to bring rebound. Break of 0.8650 minor resistance will indicate short term bottoming, and turn bias back to the upside for 0.8819 resistance. However, sustained break of 0.8551 could […]

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USD/JPY Mid-Day Outlook

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29/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.78; (P) 156.99; (R1) 157.40; More… Intraday bias in USD/JPY stays on the upside at this point. Rise from 151.86, as the second leg of the corrective pattern from 160.20, would target 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, break of 156.57 minor support will turn […]
05/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8477; (P) 0.8503; (R1) 0.8528; More…. No change in USD/CHF’s outlook as price actions from 0.8332 are still seen as a corrective pattern only. Intraday bias stays neutral and outlook remains bearish with 0.8665 support turned resistance intact. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 […]
02/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… USD/CHF’s decline from 0.9223 continues today and break of near term falling channel support indicates downside acceleration. Intraday bias stays on the downside. Sustained trading below 61.8% retracement of 0.8332 to 0.9223 at 0.8672 will pave the way to retest 0.8332 low. On the upside, above […]