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Daily Pivots: (S1) 0.8520; (P) 0.8559; (R1) 0.8584; More… USD/CHF recovered today but stays below 0.8606 temporary top. Intraday bias remains neutral at this point. Further rise is in favor as long as 0.8499 minor support holds. Above 0.8606 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that […]

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25/03/2024

USD/JPY Weekly Outlook

USD/JPY’s rally resumed last week and edged higher to 151.82, but turned sideway since then. Initial bias stays neutral this week for more consolidations. Further rally is expected as long as 55 4H EMA (now at 150.11) holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next […]
15/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8861; (P) 0.8890; (R1) 0.8932; More… Intraday bias in USD/CHF is turned neutral first with current recovery. Some consolidations would be seen first but outlook will stay bullish as long as 0.8773 support holds. On the upside, sustained break of 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way […]
04/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.03; (P) 186.77; (R1) 187.35; More… Intraday bias in GBP/JPY remains neutral first. Price actions from 188.63 short term top is seen as a near term consolidation pattern for now. As long as 184.44 support holds, further rally is expected. Decisive break of 188.63 will resume larger up trend. In the bigger […]